Just my opinion that for a penny stock without positive cash flow and needs to rely on some form of equity financing that IR is very important. If story is good and stock declining - while it is a challenging time for all mining equities- then why wouldnt IR be important ? Then I look at their IR ( my numerous questions of course I have already posted) , and walk away trying to imagine even when operational and financial challenges met, do they have IR savvy to build a proper market cap.
How many junior companies have a mill that is close to being operational + custom milling possibilities + nearby exploraton properties ? Not that many. But their lack of disclosure and transparency doesn't breed confidence especially after a 5000 to 1 reverse split.
I do agree that in this market , and their DTC chill, IR can't completely turn around the situation- but certainly could improve it ! Most mining capital is via Toronto, just compare this company's press releases related to "NI43-101 reports" to those released in canada, there is quite a difference. I am conevrsant with different disclosure requirements, but this company's press releases really are so limited. I know several investors I have mentioned this stock to, most of them cringe when reading their press releases- but at least are keeping an eye out on the stock.
