RE: Support fading...very disapointing.
Well, production would be desirable (or to use HBK's language - 'trial mining phase').
However, what is needed right now is a need to demonstrate progress and transparency..
The last news release was in December, and related to the 43-101 - which was good news in that it confirmed the size of the asset, and was in line with the expectations of the shareholders and the market. (trust me, I've seen a few surprises in regards to reserve reports, 43-101's, and over-inflated expectations..)
There's been an unexpected delay in filing the EIA, and management has not publicly made clear as to why this is so. Not good..but it wouldn't be the first time that a company failed to keep its shareholders informed..
There are some indications that the company is still in negotiation with a number of stakeholders (including the bands), and it was thought that these negotiations would be completed by now. Oh well.
Also, there have been concerns raised as to the Managements ability to successfully execute the strategic plan, and obtain the necessary partnerships to operate the mine. Not yet a show stopper, but again a delay combined with a certain amount of vagueness as to what's really happening...
The asset is still there, work is still going on, and the company still has the cash to operate - dwindling though it may be.
Grit your teeth time, and as Swami says, park the cash, and come back occasionally - That is, unless you can find a better hole to go to..
Frustrating tho, isn't it..?
CP