I did and I see two problems with that theory, 1) They are...

I did and I see two problems with that theory,

1) They are spending their money, lrs have spent over 5M in the last 12 months without drilling a single hole...
this indicates that the day to day running costs of lrs are not cheap. By pushing back the commencement of projects again and again they are still spending money and a lot of it, just not on exploration as they should be.

2) If you were correct then what caused the Maria del Huerto project to be pushed back from commencing in December 2016 to present and still not being started.
They haven’t been in JV negotiations for 15 months have they?

Side note: If a jv partner would fund lrs’s exploration of Maria and possibly beyond, what do you think would be their price?
Maybe a 50% stake in the company? Reducing and diluting all holders stock value by 50%.
And probably also collecting a royalty for the duration of the mine life?
I wouldn’t be hoping that’s the case.