The stimulus the market needs (for junior miners looking for...

The stimulus the market needs (for junior miners looking for funding inparticular) is for Rudd to hop on his bike and the new proposals for a RSPT to be axed.

The mining industry has no problems in developing a sensible profits based tax with which ever Party wins the next election. So relevent parties should agree now to come to the table and start drawing up a fresh resources tax regimen in the way it should have been done in the first place.

You could be right GZ that trying to raise major project capital with a share price at current levels would probably not be a good thing. Tectonic would just have to do a small capital raising and remain an explorer for the present time.

However, the odds of Labor cutting their own throats over the RSPT seem to be increasing by the day. I think you will see shortly some investors/punters thinking that there are some undervalued shares to make some good profits on when the axe falls.

Nothing wrong with the news over that last few months raising the gold resource from 750,000oz to 880,000oz. It is only that it has been poor timing. Tectonic have no choice but to release this information irrespective of market conditions because of disclosure rules.