It all comes down to management transparency. No announcements will see further sell downs. The bad news for management is that general holders are losing patience.
Now there are only 14 trading days before option expiry. Sellers building at 1.3 cents and sellers of rmxo at 0.1 cents. That tells me that without decent drilling results the options are dead and the share price will further decrease.
Add in a decreasing gold price and the news flow could be even less (maybe no update on the DFS).
Let's hope management haven't played all their trump cards as the opportunities to get these options exercised diminish as each day passes without positive news.
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