They should IMO slow down the cash burn and ride out the credit...

They should IMO slow down the cash burn and ride out the credit squeeze making sure they can hold onto asstes without dilution or loss cos it aint gonna be easy to raise any kinda cash in this market without major dilution.

The prob is these guys seem to be kids without bear market experience and to an old survivor like me (since 1966) thats a real worry. Suggest they do some reading on the Great Depression of the 1930s and assume this one is gonna be Greater ...... they may be able to pick up others' distressed assets at 10c in the dollar in a year or two .....better than burning it in the speccy ground atm and then face dilutionary attempt to raise more.

NUP is sitting at about half cash backing but what they are suggesting, it aint gonna last too long.

I currently hold > 1% of the company and would like to think NUP will still be around and TIGHT into the next U-upleg beyond next year .... and that means HOLD ONTO CASH AND ISSUE NO MORE SHARES until market allows u to issue them at HIGHER prices than current ....

They diont have to stop everything just prioritise and slow down the burn rate .... PATIENCE

IMBOOC

PS Citgroup to cut 50,000 jobs, JPM and GS to announce their cuts soon. This is deflationary. Maybe our boys might volunteer some salary cuts as well for the common good (?). Hate to think that maintaining salary levels may be a factor when considering the work / burn rate. No need to hurry into anything now cos exploration successes without ability to raise capex are gonna be meaningless until we see evidence of next resources upleg .... hopefully 2010+ For now, CASH IS KING and should be preserved at all costs. And NUP is FORTUNATE AT THE MOMENT with cash at hand ........ PLEASE DONT BURN IT ahead of ability to optimise for shareholder benefit !