Time to change tact:Need to ride out the short-term by...

Time to change tact:

Need to ride out the short-term by conserving cash and shelving exploration. Exploration news in this market has no effect so why bother. Sit on the cash until sentiment recovers and markets bottom out and begin to rebound. Very hard to raise equity at the moment; if you have the ability, your existing shareholders will get hammered through major dilution at these share price levels. Need to wait until money starts coming back into mining stocks and share prices start to move again.

Tough call to make but no real option IMO. The issueis how long this will take to play out...