announcement, page-15

Saltocan - I don't understand your change in sentiment based on this announcement. The company shouldn't plan for the future because they don't have the cash in the bank now?

Any company needs to plan for future project by maintaining a pipeline of prospects. Given the lead times involved, they have to plan and commit this far in advance, otherwise they'd be sitting on their hands in three years time. You're already complaining about the waiting game now, imagine if there were no prospects on the horizon.

You also mention about making a commitment in 3 years time if the company is even around in 6 months time. If that's the case, then this announcement has little or no impact on the survival of the company. Secondly, your lack of confidence in the company being able to effect farm in deals to raise funds contradicts the confidence you have previously shown in purchasing the stock.

It doesn't add up to me - what am I missing?