All these statements are half glass full\half glass empty.

You want a set of NEGATIVE factors to reflect the current situation more accurate? Here they are:

1. The global financial situation block:

• Q4 will be the worst in this century for alll financials except hedge funds.
• Some of the biggest operators a close to bancruptsy protection procedure.
• The domino effect in financials\insurance business is very likely. 
• Global cash shortage is a fact, so you can not expect a lot of   money coming to stock market from common sources.
• But  the same shortage will cause players to sell stocks to cover cash demand for operations under the threat from the pp 1 - 3
• The rate cut from US\other countries will spin inflation once again providing just a temporary relief with a cost to hit real economy later.

2. The global economy situation:

• Because of financial crisis the US economy is quite likely will be in recession soon, the demand of raw materials should shrink
• The inflation will harm production as well
• Because of globalization the global economy will behave itself similar to the biggest piece of it - the US economy.

3. Local news:

• For the starters companies the most important factor is the cash flow. Having nothing as a profit until real production, such companies a very fragile from cash investments. The situation with free money was explained above.
• Even you have enough money to drill it is a much more bigger investment to build a real mine and start real production and get real money from the business.
• Potential investors like to participate a good business but at lowerest price as possible and the last thing they will want to do - just lend money to the long business cycle at the current situation

4. The worst case scenario. On the last summer the world finacial system and global economy was very close to the fision situation. The cash shortage and bankruptsy of the biggest market players could cause the global collapse and broken integrity of the markets. That was veru close and without huge pump from FRS it could be true already. This threat is still in players mind and quite real for now. This is the biggest negative factor because at the end there is no recovery nor in 6 mnth, not in 2 years.   

Long story short, we are all want good news, but there are a lot of bad ones around. And drilling results is a weak argument in this game for now. As I said many times we need a whole market move up to get some relief.