I agree with most of your statements, however with the reformation of the cartel, it should spark investor confidence over the coming months. Granted the company doesn't have but 7 weeks to get the 25M, but I think they will. Just my opinion. How it will affect share price, historically you are absolutely correct, but I believe times(and circumstances) are quite different.
I also feel that since Sichuan was once willing to invest 20M$, that the 25M to extinguish the debt isn't too much of a leap for them to be convinced, should it come down to that. I also don't feel like they would continually make these moves if they felt that the project would become a wash.
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