I don't think we have the knowledge and details available to make a call on the management. For instance, listening to Brent Cook's interview with Kitco, what if management sees the "fiscal wall" that he alludes to and did the offering early to get funding to get to positive cashflow? Maybe these guys are really smart and get it. Believe me I don't like being buried in this company anymore than anyone else, but I don't think it's constructive to just be blaming management here for the problems that are both sectorwide and fundamental:
1. The entire sector is in shambles
2. There have always been doubters that the vein structure at Velardena could be mined efficiently.
3. AUMN has never been profitable, or to my knowledge even cashflow positive.
If we can get positive without another dilution, I feel we have a good chance to have a producing profitable mine in a sector that will have a lot of wreckage around which would be (pardon the pun!) "a gold mine". All these other juniors that are facing the fiscal wall will be swallowed up by the seniors for peanuts. We have a good chance to dodge that bullet IF management is careful with it's choices in the next 3 to 6 months. IMO
Hoping I'm proven correct.