RE:RE:RE:new 52 week low Because they didn't need the cash earlier. Also, I'm assuming, a portion of the equities are under a lockup period.
Most investors—myself included—were thinking inflation would skyrocket and the metals markets would enter a new supercycle. Unfortunately, the US central bank seems intent on tempering inflation, which has thrown a wet blanket on anything related to metals and mining. This, in turn, has had a deleterious effect on SPOT's holdings, particularly New Found Gold Corp. As NFGC continues it's downward trend I suspect SPOT will follow suit until management is forced to liquidate securities at firesale prices, layoff staff, cut costs, dilute shareholders (again), seek outside capital, or all of the above. They're burning $3M per quarter in wages & salaries alone, but only have $4M in cash on their balance sheet. You do the math.