how low will sp go??, page-6

I accept that CR isn't a given and I would be the first to admit that my research isn't as diligent as yours, CW's or many other longtime posters. The reasons I am asking myself whether it is likely include:

(a) Board's stated strategy of growing into an increasing gold price. I may be wrong but I don't think I have seen a change in stated intention to "focusing on operations to grow profits for shareholders". [BTW, I have no problem with a "constantly growing" strategy provided that the ultimate outcome is a significant increase in profitability. I don't think we really saw that last quarter.]
(b) Lines from the quarterly: "enabling us to pursue exploration and development opportunities" - capex - admittedly stated to be coming from solid cash flow but that cash flow might be fickle if price of gold falls or cash costs remain high or go higher. There are I suspect several companies over the years where management has fallen into the cycle of keeping on trying new developments even where they can't just do it from the predicted "solid cash flows", usually at the expense of existing shareholders.
(c) Uncertainty about outcome with CRE - is a cash buyout of remaining shareholders at a premium a possibility?
(d) Capex required to get TI up and running. You'd hope that it would be based on "a sure bet" and therefore be accretive but over the years plenty of sure bets didn't work out quite as expected. Again - not saying this about TI but...
(e) Available Cash prior quarter = $6.6m. Available Cash this quarter = $4.4. Burn in available cash over the quarter = $2.2m.
(f) 12 months ago cash and bullion situation looked ok and operations looked like they were going to bring in good cash flow and there was a capraise then. Such lessons are hard to unlearn.

As I said before, for now I am disregarding my hunches in the hope that I am wrong

CW - thanks for the welcome - I've been a watcher for a while but slow to post, particularly in such learned company as this board has.