There could be a number of reasons however the most likely reason is that the controlling parties have no interest in pursuing the potential the Asset may have.
Consideration must be given to the possibility that the Asset is not of high enough economic viability to pursue further potential opportunities. The fact that the economic evaluations of the Asset were not included in their partial NI 43 101 (of last year I believe) filing with the Regulators, and no subsequent filing, would be a good indicator that something is potentially offside in that regard.
With the exception of last months PR naming a new Director the Company has been silent for over a Year.
No communication with the Shareholders for over a Year - even the Company Website is no longer active.
No Financial Statements or Quarterly s filed for over a Year. Last Filing is for the period ending March 31, 2015.
No individual with accredited Mining education, degree and appropriate experience is on the Board or Management of the Company.
Money for even the most simple Adminstration requirement is not available yet alone Funds for actual Mining related activities.
What is a shareholder to do? Frankly there is very little that an normal independent shareholder, who does not have a very very significant block of stock, can achieve by themselves.
A significant group of Shareholders, holding a significant number of the almost One Billion shares presently outstanding, may be able to provide "guidance" however that is an awfully difficult task to achieve.
It is suggested by some that such a group exists however that is highly unlikely otherwise it would be known to all and that is simply not the case.
Is there some smaller group of shareholders out there as suggested by some - maybe - but the likely conclusion, as has been said by some on this Board, will be more of the same that the last 8 years have brought.
Some will actually support that, due to potential few dollars that can be "made" but those shareholders that have a more Mining Business expectation will be disappointed.
