Read this article written for The Province dated Nov 5, 2012.
One of my favourite lines is:
“The pure exploration companies are at a stage where they need to hunker down and make sure they don’t run out of cash before they turn around,” John Gravelle, PwC’s mining leader for the Americas, said in an interview. He noted most of them have done a good job of protecting their balance sheets.
Read more: http://www.theprovince.com/business/Glimmers+hope+junior+miners+after+slow+moving+investment/7499196/story.html#ixzz2BZajIRfG
Our management has been so irresponsible, spending like drunken sailors, that they should all be fired on that basis alone!
That said, better times ahead as soon as we can replace Lori and company.
