I can easily restate the facts.
You sit on a rejected lot. Yes rejected by Vale.
You have not released costs. (One must wonder why?)
Cash burn is immense. ( One must wonder what
happened to the $10 mill or so since the last cash raise?)
You have no apparent trouble issuing free performance shares (one must wonder for what?)
What goes around comes around.
Hope you will do well.
All in my opinion and not investment advice.
Do your own research.
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