RE:RE:RE:RE:next steps…
"tough periods like this"? This is not a tough period for the ceo. Things have worked out as planned for the ceo, and now he is enjoying the benefits that he can retire on. He knew when he took the job that the project would not be of interest to real mine builders. So he adopted a program of pretend exploration, unprofessional news releases and hype to convince naive, small investors that the project is going somewhere. Without actually finding any substantial gold deposit in all those "shear zones", he worked to massage the numbers into a new FS that makes the project look bigger, but is actually higher risk with no added profit.
And the strategy worked to a degree, at least well enough to keep the ceo employed and raise some money to keep existing. The "good of all the shareholders" was never in their minds. Quite the opposite, they are pros at exploiting the shareholders.
Why should there be a "tough period" (that goes on year after year)? Why aren't they building the mine they promised right now, as real projects do? Because after all that hype and coloured lines on maps, the project is still of no interest to mine developers. Tough for those who got sucked in and stayed in, that's all.
It would be so easy to prove me wrong if this were a real project.