Why would you cover when the company keeps kicking own goals? People thought it couldn't go below $3, then $2, etc. The fundamentals that supposedly acted as support for those higher prices have evaporated. You have a company getting close to nameplate on its only resource in production and making next to no profit from that once everything is taken into consideration and no additional revenue coming through the door for many years to come. Lots of people have been trapped trying to pick a bottom on this one.
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