RE:RE:RE:YayI assume they're extending their cash runway ahead of time, as people here said they don't plan to sell, and it's good practice to build up cash while the market is hot (perhaps the permit isn't that close).
Perhaps they're looking for a partner or to really ramp up their exploration program. Either way it looks like we're losing some money tomorrow. Maybe I should've bought more Cypress or Lake (kept a bit more of it after it doubled), but oh well - let's see what happens.
It's good value, this company, just management being overly defensive.