RE:RE:RE:RE:RE:$0.20?Wow, @Gold_Diggers1 you are the number one analyst - wait for the entire sector and the underlying metal to tank and then troll this board. Unless you have useful information, analysis, or views to share, please troll elsewhere.
I think that with the breakdown of the share price that the major shareholders must now consider the outright sale of the company as there are clearly not enough investors interested in supporting this company at this time for whatever reason. I was recently told that the shareprice necessary for Elliott (major shareholder) to achieve its targeted annualized investment IRR hurdle of 15% since they founded the company is 38 cents. Gotta think that is where the bids begin now this stock is beaten up. I would be happy to take 38+ cents in paper (not cash) in a company run by a more successful management team that could see the project get re-rated, financed, and built, so that we could all enjoy in that success.
A merger really is a win-win situation and with only US$4 million in the bank right now, I don't know how a board and management team can't be seriously looking at a merger or sale when any equity raise is likely to wipe out minority shareholders like us that have been buying this stock when less patient investors sell. At 20 cents the issue that we face is a potentially dilutive financing to keep the lights on as now the warrants are effectiely out-of-the-money and they expire in January, which means there is no time value left.