"Tectonic would just have to do a small capital raising and remain an explorer for the present time."
Why remain an explorer? They have proven gold resources?
Why not pull their fingers out, pour gold on a small scale, pay their way.....and grow out of profits?
What do you suggest, Robo? remain an explorer, using techniques we dont know work as of yet, keep drilling spurious anomalies with continual fund raisings? Till, what, 2012, 2013, 2014? Metal prices WILL drop, I fear, and with it our Utopian chances for the future re TTR. You cant see any wisdom in starting with the gold & then financing the polymetalics out of profit?
Look, the best example of what might happen is actually the cornerstone investor & supporter of TTR .....JML.
Now, having been a long term holder of JMl since PIL days, what have I learnt? I was once in the "top 10" of JML. Where did that get me? Like a goose, I never sold at peak, JML bottomed at 8.9C from $1.61...and never recovered. NEVER. They made money while the share was trading at 9, 10c lows, paid off $40 mill in dept....but the share price?
Discovered Bentley, looking bigger than Jaguar, continual exploration producing continually improving resource figures. At present sp is 32c last trade. Great, eh?
And JML has a lot more going for it than TTR at present, with Benambra work on the side.
Have a serious look at JML, Robo.....and then the share price.
Now, what are your projections for TTR share price for the future? Compared to JML? Even when it gets to production?
Get my drift?
They have to come up with something that will lift the share price. Here we are, waiting on Railway results, praying...lol. And what happens, according to GS, Steve went on holidays.....??
Enjoy, Steve.
Robo, its great to be able to analyse figures, etc....I'm too dumb for that. But I CAN recognise the realities in what actually happens.
I think they should have a reconsider of Plan A....oh, when Steve gets back from holidays.
cheers
GZ
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