Fundamentals have changed. We're still waiting for further results and it has been delayed. Delays in this case normally isn't good. Further, their months of delay in getting the drill in the ground was enough of a red flag for me. I previously believed that they had more resource. Even if there is high % if you don't have enough, then it's worthless. There is also the possibility of a capital raise soon at this low price again, adding further to dilution.
Conspiracy theories such as cappers or accumulators in penny stocks keep getting thrown around.
CG selling, in spite of his exorbitant salary, is another red flag
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