As a trader; I could see this as further dilution of the...

As a trader; I could see this as further dilution of the company.
As a trader; I could worry that the company is grasping at straws.
As a trader; I could think that the last few Ann's being solely related to options exercising & issuance is some cause for concern.

Now:

As an investor; I see options issuance and exercising + further investment from management as a sign that they have not just faith, but belief that there are gains to be had.
As an investor; I see that the straws they are grasping at are actually very smart business decisions.
As an investor; I trust that management know a hell of a lot more than I do about digging for gold and running a successful company.

As an investor - and whilst I do admit that I would love to see an announcement to support it - I believe that Mike and the team are onto something big, and are going about it in a way that whilst not appeasing to all of us holders, will ultimately result in happy returns for all of us.

Well, not to some that comment on these threads, but to those of us that are fellow 'investors'

*Just one man's opinion