I totally understand that the management has royally stuffed up...

 I totally understand that the management has royally stuffed up and no one has any confidence in them to be able to turn this ship around.

What I don't understand is why would anyone sell their shares for .001 or .002 or even .005.

I remember hearing/reading that someone had done their math and came up with a ballpark figure of around 1000000 ounces in shallow ground and more to come. That to me equates to about $1600 000 000 in shallow ground and more to come.

the way I see it is even if the company went broke and had to sell up, another company would pay at least $20 000 000. That means to me the way it sits, is that the share are worth 1c. To me it says the people selling for .001 are assuming that the company is only worth $2 000 000. Their unexplored lease at Fraser Ranger would be worth that on it's own.

Can someone explain to me why anyone would Manage their own Share Portfolio like this and sell at such a loss when the value is still there.