thx and umc the next play, page-51

Gday Smuck just curious as to why the major concern with fast tracking and cash expenses??
THX have real assets worth real cash. In todays environment its companies like THX that will have no problems raising/borrowing cash. Institutions will lend to a company capable of covering any debt it should take.
THX IMO is like a volcano. Could erupt at anytime but is sleeping at the moment. There is no point developing projects that will burn a much larger amount of cash than admin, if they have noone interested in buying the product. Or if they are able to sell their resource you are not seeing true value for the resource.
Its all about positioning onesself till conditions turn. That way you get maximum value for you product. In all honesty current conditions will last probably 2 years. Do you think admin costs will be that much that they will eat up this company?? I would hate to think they would go for a JV when in 2 years they could have gone solo and taken then full rewards.,,,,
Patience patience patience...........