its funny to hear people that have never been involved with the wholesale funding markets naively bang on about the enduring availability of finance.
Credit markets froze in 08 - only thing that thawed them was nationalisaiton of debt which is now threatening to bring down the developed world.
If credit markets freeze again, good night.
The only explorers that will survive are those that can secure debt in a tightening market - be it JVs, spinoffs, lobbying instos etc
If anyone realy believes SP will rebound on back of next results, remind yourself on what has happened over the last 6 months (in a less panicky market) - hope im wrong
I'm just trying to pose a question - at what point do we need to try something different? Raising the levels of capital needed to productionise at these SP levels will dilute us to oblivion
MYG Price at posting:
8.8¢ Sentiment: None Disclosure: Held
