Hi Lazarus,
Completely agree with all of your assertions with the added thought that the last capital raising (i.e. 2 x institutional US investors) came out of the blue (albeit with hindsight, serving the purpose of securing additional acreage).
Surely, at that point (unless the BOD thought the extra land would drive the SP up and they could get more coin later) they should have secured the "security" funds. Doing it now just undermines confidence that we are on to a winner.
I hope they read your post and think "One step ahead of you Laz, we're gonna be (more than) ok".
Thanks also for all of your fantastic research and commentary over the last year or so I have been invested. You are a truly objective pragmatist, a rare species (that like "common" sense is facing extinction).
GLTAH
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