It is not all that complicated
The people running this company do not want to sell out and make a quick buck. They want to build and operate a successful profit generating mine. I know that because I have asked them. I like these guys because I want to be a part owner of a successful profit (dividend) generating mine. That is their goal and they are concentrating on what it takes to make that happen. At the moment, what it takes IS financing. Right now it really does not matter if the SP is 40 cents, 50 cents, or 70-80 cents. At these levels, equity is just not going to be a significant part of financing. At 50 cents and 2:1 dilution and assuming the stock does not drop ( quite an assumption,) you generate 10% of what you need.
If you bought stock at 60 cents AND want to make a quick buck, you would really like to see it at 70 or 80. If you want to own and operate a mine your number one goal right now is financing. Would I like to see 70-80 cents a share now? Sure! But what I really want to see is $4.00-5.00/share five years from now.
Of course we would all like to know how the financing is going. Of course some big news re financing would help the stock a bunch. Smith, Honan, Sims et al are not stupid. They are well aware of the rules and regulations (in two countries,) They cannot legally give any individual investors any updates or hints on how it is going. This would be the very definition of inside info. They are doing you a very big favor to not tell you. Get a hint, buy or sell some stock, and go to jail. Ask Martha Stewart how this works.
