Hi Max. A short answer is yes. - Why? Check who are the major...

Hi Max. A short answer is yes.
- Why?
Check who are the major stockholders of CEL.
These names can easily sell CEL because it doesn't generate any income for their capital.
These names can easily invest in any instrument that generates an annual yield. From risk-free government bonds/guilds/obligations ~4% to High Yield Corporation bonds ~7%
. Or they can buy high-yield stocks ~10%, something that anyone can do.

What professionals are aiming to do, every morning of their working day is to protect their capital from inflation.

If you were one of the professionals who are responsible for a company's capital would you keep that money in companies that burn cash for years to come?
Or you would place them in yield generating assets ?

Mind you that those professional investors lose their jobs if they perform badly for 2 consecutive quarters of a year. They have families, you know. And any CEL doesn't pay nothing to anyone for his/her devotion to its tenements. Nor tenements generate anything but costly operations for years to come.