It's really a cautionary tale (not necessarily your own case -...

It's really a cautionary tale (not necessarily your own case - but the individual you mentioned) for not concentrating all your investments into one high-risk stock when you cannot afford to lose it. He'd have have been better off putting it into a broad-spectrum ETF.

I'm not saying investors walked blindly into this however, the BOD are a disgrace and have never shown any remorse or accountability for their disastrous decision-making. They should have commissioned an independent review of their decision to buy Atlantic Gold years ago.

That being said, there MIGHT be some value here... maybe. But if they can't get Simberi to fire and get those costs per ounce down, I'd conclude that SBM would be better off returning capital to holders and just wind the company up.