RE:both...................... miketrike's posts today are unfortunately accurate - interestingly his sentiment appears to have changed somewhat since posts of April 2015.
My sentiment changed the minute the $15 million financing was cancelled. If they had completed the financing as planned I would still be a shareholder and the share price would be close to $.15 right now.
They have made the same mistake that many small miners make. They had the opportunity to raise enough funds to see them through this rough patch. Posters like oneofthemanipulated and Belgie were against the $15 million financing, as were some insiders.
They now have 3 years to pay Waterton $6 million plus interest, yet they have less than 1 year of reserves left. The math doesn't add up. Peter Hawley is very talented and may have something up his sleeve but he only owns 108,000 shares and doesn't really have much to lose if the company goes BK.
Going into debt at this time is the absolute worst decision this company could have made. Raising $15 million via dilution was the right move and it is doubtful the company will ever have the opportunity to raise such significant funds in the future without some luck from the drill.