RE:Couldn't resist... got more!The company is issuing tons of shares (dilution) and none of the money is going for mine development. I told my brother in law to get out on the announcement of the RS. He didnt.
You need to start thinking in terms of US$.....500 million shares OS at .90 cents = $9 a share post 10-1 Reverse stock split! How many more shares are they going to issue for enviromental reasons? It is clear there is more coming as mine development continues to be delayed. It is a well known fact.....Reverse stock split is the kiss of death for share price if the company has no money and no operating business....they will continue to dilute. You lose all the leverage of the lower price. And as the price goes down the RS has to be bigger. And finally the listing gets abandoned.
A listing on the NASDAQ with no operations to speak of at $9 a share? The company did not need to list at this time. They could have waited till the outlook was better. I dont know who came up with the idea.