I don’t know.. It’s not over till the Fat Lady sings as they say...

I don’t know..
It’s not over till the Fat Lady sings as they say and in the announcement it says they are pursuing funding options .....
And even though Mike Dunbar retired he is still around .
He was holding ‘only’ 2.48 million shares as at 2018 Annual report and in February on the website is reported as having 3,493,655 https://www.gascoyneresources.com.au/investor/top-shareholders/

There have been opportunities for him to quietly sell some which he has apparently NOT taken ?