IMO part of the problem is that the Market has not been convinced that the efforts being undertaken by the Company can be taken at face value. While there is more apparent transparency in telling the Market what they are planning (PR s , CC, better investor communication) the Company has not been fully forthcoming in providing specifics as to the actual money raised and paid in to the Company since the beginning of this new drive. They also have not provided any detail as to how much they expect to spend (a range would do) during this phase nor how much money has been committed by the PP / Funding groups.
Yes the Company says they will provide this information when they "legally can do so ". What this usually means, but not always, is that the money is being raised and that the actual funds received are fairly minor and that the commitment for further funds is tenuous.
IMO the longer term Investor is waiting to see "concrete" information be disseminated opposed to plans etc.
This is not to take away from the Company s intentions / plans which they are promising but only a possible explanation as to why the Market may not be reactive to the news.
Money drives the opportunity and without the benefit of "knowing" about the ability to meet the objectives long term Investors will wait.
Teck has several Billion $ on hand, iamgold has over 200 $ M on hand and a penny stock named Entree Gold has close to 46 $ M on hand.
Possible investors in Sarissa are not looking for those type of "cash on hand" amounts but they do want to know that the Company is serious in their plans. IMO the answer is tell the shareholders the Financial facts as they are now.
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