I dont understand the surprise at the dropping share price, what else would one expect with a company with limited cash trying to survive until investors have a more compelling reason to buy stock such as meeting key milestones, or generating greater credibility they will be met. Even then hard to market such companies these days.
Just read an article that out of 1600 junior mining companies on vancouver exchange, 20% are facing de-listing this year. One company I had shares in did 1 for 10 reverse last year, and just did another 1 for 10 just to raise money to keep their filings current.
Scam is a harsh word, just because dropping share price doesnt mean its a scam. And since company doesnt have any money what use is a legal lawsuit ? However if it is a "scam" what is specific proof that it is ?
It seems key is company at some point properly capitalizing on control of a mill, and nearby local mines that can provide mill feed. Can management implement this plan, can they finance it,can they market story properly, can they get DTC chill off the stock ? IMO these are questions that will determine whether this speculaton wil pay off- not short term price declines.
I think next 10q will be important to provide shareholders better sense of what is going on.Company really needs to put out an update, why with march 6 date now passed no update ?
