I agree with what you say. Nobody in their right mind will buy this until a path to viability is shown. And really Modan, this should have been off the table last year already, with a monitization of Hamilton simultaneously with the first major permit, when hype and promise was flowing. No reason to be within 4 months of a debt maturity and still silence. Everyday that goes by, people sell cause we are one day closer to a bad outcome.
Yeah, you should watch the Tumazo presentation from a few weeks ago by Mr. Herald. Looks pretty clear that they maybe trying to monetize one of the 2 assets. Didn't actually say it, but seemed like it..you can watch it for yourself. That being said they do need to monetize something...an equity raise isn't possible at these prices said Chris to bring Hamilton into production, but we have a piece of bank debt coming due in a few months. He was asked bunches of question about selling the company and spinning out Bongara or selling Hamilton or Bongara etc etc..The only good news at the moment is that management owns in excess of 10% of the stock unlike most miners where they own literally nothing and dilute everyone into oblivion. That won't happen, they have every incentive to protect us and themselves. I suspect as all this comes together we'll see something from them by the maturity of the bank debt. Lets hope there's a bidding war for 1 of the assets, I would prefer holding Bongara. Been here for years lets watch it play out.