RE: Money..... You got it Earlyone.
I can't believe these guys didn't learn from the huge debacle of the San Agustin Project back in 2008-09. They couldn't raise a dime in that market and ended up losing a great project that was a better project than Tepal IMHO.This market isn't much better, some may argue it's worse right now so what the heck are they thinking.
Like I've stated a few times in the past, I think it would have been wise to simply keep the property in "good standing" and sit on any cash they had, until things change and there's interest in these juniors agaiin and good news is in fact rewarded.
I honestly think if they had sat on their cash we would probably be trading at the same price , if not higher because they had cash, and right now cash is king. Plus they wouldn't of had to dilute the heck out of longterm shareholders.
Might get a pop into the mid .20s early in the new year but that's only if they don't do another 52 week low financing within the next 6 weeks.
Good luck everyone and hopefully things turn around in 2013