Director resignation much more significant than stock dump The director who resigned was Burton, who founded the company in '92 and oversaw aquisition of the property etc. He has hung on tenatiosly for a return not only on his cash investment, but his efforts as well. He has however cashed in on salaries and fees for most of that time, although he likely was burnt on options that expired under water, used to compensate executives and directors in lieu of cash at times. Also no doubt lost alot on his cash investment.
The stock dump may reflect him selling off his shares or other investors reacting to the news of his resignation. The August 2, 2019 circular listed him as holding 11,164,283 shares.There has been no reported insider trades since then however.
The fact that he is throwing in the towel suggests that we can not expect imminent action on development of the mine.