Re: Thought for the day
in response to
by
posted on
Jan 27, 2011 09:33AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Baires,
what I do question is why we aren't working 100% on one of the zone(s) (seems we are poking holes all over the place) and use the profits from that operation to explore the other zones instead of going back to the bankers over and over.... Anytime you go to the bankers we shareholders lose money because we need to pay them for that use of money (warrants, interest blah blah ). If we had taken this one zone approach the stock would rise over time and we would be independent of bankers and thus dilution. Tyhee/DW approach to deal with the entire property into the finance will produce a (big bang to the SP) if they are successful. But for now, and for years, these drills (although some very good ) haven't done much for the SP. At the end of this year when we run out of our drilling money what are we going to do with the SP at 15 cents?