RE:RE:RE:WtfThe company has raised a significant amount of capital through a bought deal financing.
Also, Cannacord took the bulk of the shares (check underwriting sydicate). Fully diluted its average 240MM o/s (see presentation).
This whole price action is purely market makers and traders who have slugs of shares. The volume is so low with zero range expansion to really make profits. This isn't joe and sally selling it down.
I agree the the program is lengthly, but have to remember this is an 'exploration' company. So in the interest of waiting for these Cobalt/Silver/Nickel rich assets, one has to be patient.
Once a PEA and geophysical surveys a like show solid mineral deposits it won't take much to move this SP. Check the chart. Still current with EV, battery back drop, but capital is elsewhere right now. Check the peers, they aren't ripping either.
JMO,
BB