From July 12 news:

"...With the completion of the dike crossing within the next two weeks, the Company expects to see lateral development rates increase back to planned rates this month."

"..achievement of steady-state production continues to be expected in Q4 2021."

"...The Company has the potential to receive a further CAD$65 million of warrant proceeds should all the outstanding warrants expiring in January 2022 with an exercise price of CAD$0.20 (the “January 2022 Warrants”) be exercised prior to maturity..."

Even $50 million on the first warrants will allow Pala and Castlelake to pick up 250,000,000 shares that are already part of the FD float. 

Do you really think they will pass over that opportunity after this much investment? Do you really think anyone could buy that size of a position without pushing the share price back up over 30 cents?



 Lakehttps://www.castlelake.com/strategies.html