managementPresent management will keep this company from receiving any type of quality financing. They have a history of issuing stocks to their selves when they do not perform. Example is the uranium deal last year.I understand that Cline took it in the shorts on that one. They lost a lot of money.
When the new elk deal closed management sold all of their stock options and stated that they did it to help the company and would not being doing this anymore. Now they have turned around and once again issued their selves more shares at several different times with absolutely nothing being done.
We are slowly being dilluted. We are slowly losing value while management gets wealthy.
Movement at the mine is slow and hampered by lack of funds.
The shame is any solid management group would have already funded this project. Just look at other mining groups that have done so in the last 12 months.
Wait and see if they do not do a quirky financing deal, issue lots of shares and then tock value is reduced again.
I suggest that stockholders start attending meetings and start getting their attention that they need to get serious.
New blood is needed quickly or this will drag out slowly.