Bottom of the Barrel Valuation, page-165

The one good thing is the company doesn’t have cashflow issues which means it can continue its exploration plans and tell any possible to piss off.

Exactly right again. This, as well as a still robust liquidity position (notwithstanding the large cash burn of last Q) means there is no desperation at this point at least for a further 2-4 quarters of activity.

This in particular is why I found the trash and misinformation spouted by Roch to be so irritating.

This also ties in with Hardcash's observation above re the option to potentially look at cutting a deal now with one of the other major players aimed at extending that breathing space rather than simply rolling over to some low-ball TO (which seems to be conceptual limit of several other observers here). We may well be bloodied by these events, but we are still standing and still in a position to negotiate with other parties at this time. What the BOD must be careful of going forward is to ensure we do not just tread water and get manipulated into a position of extreme vulnerability such as that which led to the demise of Nexus Energy (NXS) sometime back (in what was a particularly dirty affair).