Sarissa Resources Inc (SRSR)

[downsideup]

I agree those numbers are conservative. I think the transaction they are contemplating now in the deal that is on the table waiting for sign off on approval values SRSR at a "wholesale" price close to $0.08 a share, or more, to very much more, mostly depending on timing and how you parse the timing issues in the "time value of $" as it is proposed it will be being applied in addressing feasibility. And, that focus is clearly not valuing anything in relation to the sort of "market dynamics" that do "tend" to happen when comparable companies in similar market situations announce comparable market shifting news.

What does that mean... when the market makers appear wholly incapable of properly pricing the issue in the market, even when there is a transaction occurring that shows the "market" price is "off" relative to a known fact in the fundamentals, as is made apparent in the transaction value ? Surely there must be some "efficient market" explanation, based on their utter lack of interest in what the proper market price is or should be, that must account for that behavior we do see, instead ? /s

The answer, of course, is still "it depends"...

The company apparently isn't close to being ready to be engaged in "promoting" anything... they're apparently not going to be saying anything more than what they are required to say... and the very few "active" market participants there are, now, mostly appear to be far more interested in "getting a few more" at this late date, more than they are in selling any of their shares at anything near current "market" prices. The volume available "in the trade" recently appears it makes up no more than around 10 million shares, total... with a number of those still being recycled by the few silly traders working at that... with probably less than one percent of the total in shares out that are actually available as "float"... ?

We've seen two step trades higher, recently, each in a trade of around 10 million shares total... with each adding a penny to the share price. There's probably a managed effort in a threshold value at roughly that level in volume... beyond which a more non-linear market function is more likely to exist, with the patter in the recent trade constituting background noise and little more.

A lot of ways to describe that situation... from its being "sat on" to saying its "wound tight"...

Most holders are still far more likely to care and be focused on what the NPV and deal value are AFTER they've completed the next round of effort in generating a feasibility study, than before.

Of course, even an effort that converts only the existing "knowns" into a properly reportable NPV that is bankable... isn't going to be about a shift of a penny, or two...

That obviously appears to create a difference or two, apparent in the market now, between the words we've see consistently claiming you can't trust that any of it is real, yet... and what we see in the fact of people's market behavior. Today, again, 99.6% of SRSR owners appear to have determined that the "market" price today really isn't worth their notice...

What the charts seem to show now is that if you've sold or shorted a few shares in the last few days, then there's roughly a snow balls chance in hell that you're going to be able to buy the same number of them back for less than what you sold them for. Volumes are small enough that we're probably not seeing much that's overly relevant or meaningful in the trade, anyway, with 99.6% of SRSR owners recognizing that "trading" shares THAT clearly priced that far below realizable value isn't overly smart.

Holding is still far and away the best trading strategy here, IMO... and that will remain true, I expect, for some time.

That we now see the trade actually tightening up more, over time, as holders hold, and now again on the trend in the reversal... is enough to make most SRSRians smile, I'd think. Last time we saw comparable weekly chart volume was back in mid April of 2011... when that interest had precisely no impact on share prices. SRSR is moving MORE now... on less than half the volume as previously.

I think that is likely to be a trend in "tightening" that will continue.

I've not done the math, yet... but, given how tightly this is being held, it shouldn't be that hard to project what the volume versus price change ratios we see now should or could mean... in the future... compared to comparable price performance as we've seen in the past, here, or in other issues ? Of course, that's still making some assumptions about how things will be playing out in the future. Should still be an interesting few weeks from now until the end of September, though.