Tibber,
Sorry,but I don't agree. You can option into a property for say a 50% interest for a lot less than buying the whole company. Yes there will be a cost ,but what is the alternative? Fold the company?
As far as having enough properties, the ones they have don't seem to be working or are not " near production" enough, at least according to the markets. The millions spent may unfortunately be wasted ,but that's the exploration game. Drill the holes but no guarantee. At some point you have to take the drills somewhere else and try . No sense beating a dead dog.
I believe management has been having many meetings trying to answer the questions;
What do we do now ? or Where do we go from here?
I sincerely believe that we will have the answer to these questions this week!! Rico