something wrong, page-8

It makes perfect sense because they are not mining yet, nor any where near full production. So far it has just been access and set up to production, with admin delays on one mine. When they become cash flow positive, you will look back and kick yourself for not being forward looking but rather just dwelling on Mr Market to tell you what to do. Basically you have a really poor sentiment from long term holders who wont believe it until they see it. By then it will be too late.