I think any rational person would question that sort of stock price performance but to be fair this has been a terrible market for mining equities the past year, and they did raise enough to keep the lights on and progress on the mill permit. IMO bigger issue now is whether management learnt from the experience and has a strategy and plan to not go down the same route. It is always a problem management that is arrogant and believe they have skills to do everything. I do not question CFO's financial experience or creativity, I do question whether he has the marketing/IR skills and of course whether he has the skills to turnaround from a deal maker to an operator.
Anyway past is the past, I do believe this could be a fantastic turnaround story especially if CFO grasps how to build investor demand.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.