Great fundamental story but it will remain as such (turdy price action) until the borrow gets under control. This stock costs 1% and 500k to 1 million shares are routinely available for loan. That is an invitation to shorts to pile on and add to smother the impact of any news. Reaction to PRs such as the JNJ announcement this week will remain muted until the lending supply is restricted.
Sad situation but whatever entity buys this asset will (likely) be able to renegotiate both the debt financing(s) and streaming contracts. This situation is akin to a loan shark who pushed too hard and now the client(borrower) has no more ability to pay. unless metals have a big move up, I fear there will be little if any hope that the equity has value. UGGGGH
I am placing a small wager on SLW in the hopes that their Canadian tax issue gets negotiated. If not, I think we will likely see them pay and then do some sort of inversion to escape Canadian jurisdiction.