So what has changed? A handfull of guys, that don't have enough money to go mining, and don't want to mortgage their company to get it, and have already exhausted their ability to sell stock, and don't want to loose their gravytrain, have entered into an agreement that isn't really an agreement yet so that they don't have to sell the company and get the boot.
These guys are not acting in your best interest.
They have no revenue, and have had no revenue for years now. With each passing month the value of your company is reduced by the $1.5M that they pull.
YOUR COMPANY NEEDS TO BE SOLD SO THAT YOU CAN REALIZE IT'S VALUE, AND YOUR BOD WON'T SELL IT. IF YOU GET STOCK IN AN AQUIRING COMPANY THEN *YOU* WILL REALIZE GAINS IN THE VALUE OF THE ORE. AND THIS MANAGEMENT TEAM WILL BE TOAST!
If you're an investor...WAKE UP. If you're a chart reading trader...P*&s up a rope.
Note that the announcement said that it is a three-phase program that will take 3 years to complete. Thus, it will be more than 3 years before any substantial benefit (i.e., earnings) can be obtained. Expecting an increase in share price now because of that joint venture is premature.