He’s dead, but they don’t want to tell us. They know it makes us look bad that we can’t find him. So it’s not likely they will tell us, and spoil their fun. Better to make us look bad to the world.
That makes sense to western-type thinking - But the reality is AQ does not hide their leaders deaths. They celebrate them. It is how they honor them. It would be seen as a great insult to UBL had he passed and AQ failed to recognize his passing....Again, understand for AQ and radical Islam it is much easier to spin the truth....then to hide a lie....