Loans need cash flow to repay them. Loan interest will eat away at everybodies holding. 250 square km's of dirt is worth nothing to a bank or other lender as way of security. Essentially the holders here are the lenders and don't expect any repayments unless a resource is found. Then we expect dividends or re-investment to build our assets in repayment for interest free loan. 1-1.5 billion shares on offer in a penny stock is more than normal these days. Wait till we get 2-2.5 billion then maybe start talking about consolidations buy backs etc. I'd rather no debt right now as if a second wave of world uncertainty hits the first to go south are debt ridden companies. The sooner we get something/anything to cash flow then other avenues and options will arise such as off-takes etc But have to have to have to get to a position of cash IN-flow.
CTP Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
