Well I knew the old crew, and I know the new crew, and they are definately not the same.
Pat has a plan and intends on executing it, in a reasonable amount of time. He has his own geologists that he depends on, in additon to Mr. Armen Chillian. He is well connected in the field, and commands a lot of respect for his past achivement.
Pat also secured many millions of shares at a 50 cent option for one year, at least that is the rumor. Now why would he do that if he was going to issue a bunch of cheap shares next year?
I personally think the sellers today will come to regret their decition. I know there is a lot of investor fatigue here after many, many years in this thing. The new owners of the shares that traded hands today will likely be very happy down the road.