What do you think? Options expire tomorrow? Or.....the market knows something is up, as in dead head holes, nada, zero. A waste of money with that, along with many other things that seem to make sense to the longs, but don't produce any positive
news, direction, or events that give promise.
How many companies do you know that have burned through this many 10's of millions of dollars without providing what is required to justify the expense, like an MRE, a trial mine, a mill run, or anything else you can think of to make this work.
Oh, I know what it is. They don't have what YOU think they have, not nearly the ounces, and only an MRE would settle the issue, kill the stock proce, and then level out and start over, where it needs to go to have a clean start. However, one has to wonder if the damage is done and now the story can't be undone to create a feasble bankable business plan, and to save face won't work now.
EK