RE:My simple question to the BOD Two main reasons: (1) they do virtually no marketing, proactive outreach to get investors to buy in; which leaves the stock trading on absurdly thin volumes. This allows banks to take advantage of them by easily manipulating the stock price and keeping it artificially low so we can get acquired for way less than we are worth; and (2) to compensate themselves for the ultimately low buyout, the BOD and key executives pay themselves very high salaries compared to other non revenue producing exploration companies and they do it for many more years than they should. The end result it unnecessary dilution and a buyout thay doesn't even come close to rewarding the stockholders for their risk.
These same issues existed with Borden Lake, but they got away with it in a better M&A market which resulted in an OK buyout. This time they have gotten caught with their hands in the cookie jar because it has dragged on for years longer than it should in light of the horrible M&A market. They keep taking on funding and diluting the stock, all the while collecting fat salaries that are not justified by the horrendous stock price performance compared to even their most average peers.
just remember you could have bought the S&P index 7 years ago and made a whole lot of money for much less risk.