Yes it feel a very much like Paladin to me. But not the Paladin that went up to $10 a share. The one that came after that... where it went down to under 10 cents before 98%of shareholders shares were given to creditors for no consideration at all.
Although is not in debt like that it has virtually no cash and Mr Reeves salary takes up more cash than it will have. And I'm dubious that a DFS is "imminent". If it was then it would have been crazy to do a CR at such a crappy rate of the SP is about to go higher. This smells bad to me and I've got plenty to lose so it's no down ramp. Just trying to objectively work out whether to get out before all my invested cash is gone.
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