treasure island update , page-14

@SS,

Jun-11 Qtr
Net increase (decrease) in cash held (14,127)

Sep-11 Qtr
Net increase (decrease) in cash held (19,353)

Dec-11 Qtr
Net increase (decrease) in cash held (5,031)

Mar-12 Qtr
Net increase (decrease) in cash held (1,297)

Jun-12 Qtr
Net increase (decrease) in cash held (?,???)

Care for a friendly wager on Jun-12 cash position represented by the ?,??? above? History is not on my side yet still, I am willing to grant you evens... We forget one offs - the number is what it is.

Positive I win, Negative you lose?





OK OK, you can win with negative!!!

Capital Raising:
Do I have objections - Yes
Do I have reservations - Yes
Do I want to see it happen in 2012 - No
Do I want to see it happen sometime - Yes - Why on earth?

Here is how I see it.
* I strongly believe Jun-12 and all other quarters in 2012 will be cash flow positive (POG will impact this assumption but for now, we are well within safety zone) - thus - capital is not required to fund ongoing activities as they stand.
* If we do not need to raise capital for normal operations, then any capital raising would be directly linked to an extraordinary item - such as - development of TI. If they are going to develop TI, or any extraordinary item, then it is going to be with good reason.
* If we do another Cap Raising - I also suspect that it will not be below the last one - 7.6c - thus, our share price will have appreciated near 100% from where it is now.

So, whilst you may personally use the words "cap raising" in a disparaging manner, I feel that if it happens, it will be for reasons other than you imply.