The most disappointing thing is that outside of Konkera the belt...

The most disappointing thing is that outside of Konkera the belt has not delivered thus far, not saying that it won't but it has not lived up to all the hype and expectation, and thus the price is where it is today, albeit with other contributing factors as well. I guess some previous directors saw this and got out whilst they still could recover some cash selling their stock.

Anyway, with the amount of money that has been raised in the past, probably $20 to $30m would have been spent on exploration outside of Konkera, trying to get that 500koz of oxide gold, still not there yet as well.

So they need to conserve cash, the gold price needs to be above 1800/oz for this project to have chance due to the low gold grade, and raising equity at the current price would not be good.