RE:What's the hold up here?A perplexing question StockscoutX; the idea of it going belly up is always possible. There are stories of companies stopping their regulatory filings when there are bags of cash in the kitty. If the company does not meet the regulatory filing deadlines on a continual basis they can and most likely will be delisted from the exchange they trade on. This does not help shareholders but the cash is there for the greedy taking.
It seems clear the Fancamp of today is sitting on a lot of cash and not very excited about exploration. The modus operandi is to do as little as possible in that department. This makes the direct leverage possibility of scoring a ten or twenty bagger for the shareholder, remote. So many lost opportunities!
There is also the possibility that all the assets will be sold off leaving an empty shell.
I would think there must be a Shareholders rights agreement but don't know. My preference would be for a replacement board with assets left intact. A new exploration vision is needed. A friendly takeover is possible too but that would mean the money minds would leave with a chunk of the assets and have another big party at the money pit. What would be left and who would clean up?
There is always hope and it is known to be darkest just before the dawn. I believe there are good synergies out there that will keep this baby from going belly up. Fingers crossed