I agree pescefritte, management really asleep at the wheel on Dundas.
It's not like they would be flat out, they've got 3 projects to manage. Molyhil is ready to go so they would be doing pretty much nothing there. 2 active projects on the go, Spring Hill & Dundas.
Their website says how much they'd spent on Dundas at 31 December 2011, so they were obviously aware of where they were at, and had 9 months to act. Now they have to re-negotiate. They're not scared to raise capital, so why not just issues shares and spend the money.
Seems to me like they are just dragging shareholders along. Drag them along for a while on Spring Hill, then drag a bit longer on Dundas. The problem is, what is after Spring Hill & Dundas?
THR Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
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