tea anyone, page-57

Let me clarify, I think they have mismanaged their ability to raise cash but have done well it picking up a lease. Just because they picked up a good lease doesn't mean that they get a free pass from scrutiny in the future. What happens if the scoping study disappoints? Not to the extent it is uneconomical, but so that the shareprice doesn't get the kick that you want? This could end up having a billion shares by the time it is all said and done. You have to strike whilst the iron is hot, not just hope for announcements to kick it to a level where you think it is acceptable to raise cash. The market dictates a shareprice and it is irrelevant what management think it is worth because bet your bottom dollar, it is always multiples to what the market thinks it is worth. Just rookie stuff but just my opinion.