Frog in a boiling pot of water Two points -
1) One of you said something about "management will bleed this company dry". I agree in a sense, that is - they are locals to the area. Management will take as much "outsider" money as possible and keep the company a float with barely enough production/news to keep the $$$ coming in. Its much the same as stretching a broth out. They just keep adding water to it in hopes that more people will buy. Amazingly, people keep coming back to the table. It's baffling and won't change until there is management in place from ouside of the area. Believe me, as more companies get their fingers on this one through internal finance, the pressure will mount for change. It happened with this latest news release. Tony it a mother-freaking exploration addict. If exploration was a drug, he'd be running out of needles. Sprott told them to reel it in or the money wasn't coming, that much is obvious. He'll be fired when they have more cash. My guess is that he's not really running the show anymore.
2) No attention was given to the warrants being replaced by share issuance. This was the killer blow that caused today. It was not, I emphasize, WAS NOT the halt in mill expansion. That is a logical move, given the lack of capital and inability to get enough ore through the mill. The changing in terms from warrants to stock cost the company all of the $$CASH$$ which comes from a warrant purchase. That was big dollars folks, north of $15 million. Not only that, but the share issuance tipped the hand. Management is loding control of their financial future, and they are now very, very DESPERATE. The cost cutting and production focus is the white flag. They're behind the ball and need to start generating money internally, because the financing well is dry. Sprott is it. There are no more options after them. The stock is worthless, I mean - 1 share of LSG or a McDonalds hamburger. I bet you've got alot more interest in the burger. At least it's satisfying.