Oh trust me I'm not investing any money here was just interested in their oil & gas ventures, if any.
I see the increase of authorized as necessary as there is only 100M authorized. A reasonable increase based on the price would be justifiable and could present an opportunity, if (and a big IF at that)they had any developments to become a reputable E & P company.
This non sense about precious metals is a pretty clear indication that will not likely happen.