These Majors work together to slow down progress of Juniors that have promising ground. This is not a Conspiracy or a Theory as some may tout that are obviously employed to lurk on these boards.
Majors all have an understanding not to interfere in each others interests when fishing for Juniors. With the amount of cash they all have, isn't it amazing that there is never all out bidding wars for Juniors.
You all may have worked for Majors, but never in the decision making of strategy & price.
This stalling and time wasting will only frustrate your investors and compromise your positions.
Tender rigs, book them and drill. As I have said before, you will be surprised who will come knocking, that is if you need them at all. Once you begin to explore and drill efficiently, you will be able to raise more funds if needed from your investors as you have proven to be competent and efficient Management, even with no commercially viable discoveries.
IMO
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