Given that Management also hold a significant number of shares and options, and have their own personal money invested, they stand to lose more, than they would gain if they just try and stay employed earning a salary and not deliver.
As bad as it may look, the management team are credible people. Hopefully they know what they are doing, and can do the right thing by all, finish the DFS, raise some capital and get to production.
A consolidation of shares is not ideal, but if it means that money flows into the company (note that some companies have price thresholds, below which, they can’t invest), then let’s hope the price moves upwards accordingly. The alternative is that they don’t do the consolidation, but then they may not get the required funding, and thus the project stalls as well and we lose out as well.
Hopefully they can still deliver a DFS by q1 next year, and attract some positive momentum. If they do need to do a consolidation, I would be much happier if it was 10 or 20:1, not 50.
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