The main problem here is lack of communication. We hear rumours about less than expected grade from Barry. We hear that they want to mix Barry ore with higher grade local ore. We hear rumours about more drilling on an urgent basis close to the mine. We hear about work on the Bachelor Mine etc.etc. None of it is really confirmed or denied in any consistent fashion.
I also agree that more share dilution is a possibility depending on how urgently they want to progress with increasing the mill capacity and proving up new resources.
Still, I think this is very undervalued and should move up nicely from here.