Seemingly the "exploration" work done to date has been shabby to put it gently.
It is virtually impossible to properly investigate an Asset unless you have a stable Corporate and Business structure. In the case of Sarissa Resources this has alluded them. Not only has the Company had a revolving Presidential door over the past few years - occupied by non mining experienced individuals - it has shown no interest in properly addressing / respecting the Shareholders.
The constant BoD Member, and controlling Corporate party, has been Scott Keevil who does not seem to be terribly interested in the Company Mining affairs. However he has a certain flair when it comes to the structural / accounting aspects. Es1 quite properly describes part of the "consulting" fee aspects.
However I would disagree that 99 % of penny stocks are scams. There are many that are marketing their projects in the full belief that their project, and their Company, is a truly viable one. True Business issues may come in the way of the dream being realized however the intentions are honourable.
In the case of Sarissa the initial intentions were probably sincere but somewhere along the way that vision seemingly was lost. For the past number of years it has been one story after another with no actual positive result. Not every potential opportunity pans out, in fact most don t, but keeping shareholders informed prevents the type of rhetoric that is now being thrown around from occurring.
No doubt that much of this had been perpetrated by the constant rumours by non insiders - mostly unfounded rumour in fact. Had the Company communicated with their Shareholders, and they had the chance when Daniel Byrnes was appointed, the market status of the Company may very well be different.
Even without Mining experience and / or Public Company experience the opportunity was there for Dan to possibly make a difference. However he didn t rise to the occasion and that train has now left the station.
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