I had an experience in the past with another company that was ready for a breakout. Shorts came in and decreased the share price. There was a delay in results. And all of a sudden a buyout was announced. Since the price was suppressed, the premium on the sale was diminished due to the low share price.
So, My only thought about the continuing delay is that a sale of the company could be being negotiated.
I hope not. My previous company did not need to raise any more cash. They had great discoveries, and said that they were planning to produce.
Some of the back room deals can be shady. For me I want to stand pat and let this baby run. Hope we get the chance. I am sure some larger companies would love to acquire AUMN at these prices.