Main problem here isn't the asset, it's lack of support The chairman and CEO get total compensation of $1.4 million USD and they don't even own 0.5% of the stock. Why isn't management buying back stock themselves, while also doing a share buyback. Insiders own less than 2% in total and take out over $2 million (5 directors). They must not realize how the market works. Someone could easily hostile takeover MMY right now and they would get shareholder support without any issue. Even at $0.10, someone could steal the assets 10 cents on the dollar and with gold prices higher, what a deal.
I say boot management, rollback the stock 3:1 to clean it up and cut G&A expenses asap.