I have been watching this story since that nasty proxy battle from a few years ago when they booted the CEO that brought the company from 0 to over 2 bucks.
Clearly, that was a horrible move of giving him the boot. These idiots are sitting on the largest un-mined molybdenum deposit in the world and they can’t get it above .10 cents? An absolute disgrace imo.
I have a held a position for a long time, but I might have to just dump this dud soon, management has done a horrible job and they owe the Chinese (major shareholder) owes the debenture money.
From the deposit to the low costs of production, this company serves as a reminder to all of us resource investors that bad management will never take any project off the ground.