It has been a very very difficult market for junior mining stocks the past 18 months, and for a stock relying on convertible financing, with a DTC chill, there are huge difficulties getting financing these days. So on one hand I am not sure price decline is an indication of "semi-serious" management. On other hand management should be held accountable for performance- in this case the CFO ends up controlling voting stock, and having a second on the mill, so I can undestand some people questioning management.How long is reasonable for him to perform ? But shareholders stuck- whether he performs or not he controls the show.
Marketing is equally important as operations and finance, if anything price drop represents a lack of belief in management ability to meet objecives. Owning a mill that can be permitted, in an era of high gold prcies, and nearby mines, should be a story that attracts speculators- I like the story. So how does management convince market they are able to meet their own projections ?
