I make that comment to point out that PQ may be naive or inexperienced about running a successful mining company (Roger Scammel would certainly agree); however, he knows exactly what he is doing (and has been doing) in setting up his family and friends financially through publicly-traded entities. The inexplicable wastes, self-serving policies, dotted-line relationship between SFMI and GHDC and lack of progress on WEM underscores this.

I get that shareholders have all been focused on WEM and the build out of the mill; however, that has largely diverted shareholder attention away from what is actually going on in the company.

Simply put, SFMI will not succeed with any of the Quilliams running the show. That isn't meant as any kind of call to action, it is merely my opinion based on a lot of current and historical supporting evidence and obviously the current share price. As long as shareholders continue to give them a pass and allow them and their cronies to take from the company till, they will...until there is nothing left to take.

I think that the company is already bankrupt in theory between their debts and their inability to raise the necessary funds at such low levels, which you touched on in your post. Does anybody seriously believe that PQ, with his tonedeaf attitude towards fiduciary duty to shareholders, can right this ship without severely diluting the company into oblivion? If they were truly serious about turning the company around, they would've put a moratorium on exective compensation and bonuses in both companies until certain quantifiable milestones have been achieved. I think shareholders have touched on this before, so I may be repeating the obvious.

But since I'm not a shareholder, my opinion shouldn't really matter.