The Good and the Bad Time will tell, but yes there is more than a rumor that Sprott is coming in to enforce their debt covenant. I have heard that they are looking to replace Tony with a new CEO and have potential candidates in mind. Depending how the covenants are enforced and what their debtholder rights are, it could lead to very significant changes for us common shareholders.
Similar to Kinross some time ago - its time for a new CEO. That rumor, if true, will be good for the stock long term. Behind a new CEO will come new teams and probably new money. Obviously the board needs to be replaced as well given that they have no vested interest in the company and are not aligned with stock holders.
We could face a share consolidation, which although if often the kiss of death may already be baked into the share price at $0.16. No doubt this weekend there will be things in the works - expect news soon.
Whether to buy more now or just tuck it away and wait is the question....JRMJ