RE:GREAT POSTS BlueChipper2020 wrote: Lots of great posts today from hedge & surething. Really informative.
So let me put a different matter on the table. One concern I have now (not previous) is we may be spreading ourselves thin considering the macro environment (aweful for the sector and the equity market as a whole). What I mean, is I am not sure it is great idea to be drilling Grey River and Golden Hope projects along with Moosehead.
I was all for some holes at Golden Hope lithium play. The last PR was obviously a dud which is why is was on the last day before a long weekend. I am not saying this is a bad project, but it is going to take a lot of money and time which we do not have considering this aweful macro and limited funds. Maybe put this aside for now.
Grey River. Again, Not saying this is a bad project at all, but it takes a drill team and money and time to build out Rome.
The Company is also spending small amounts on sampling, surveys ect. on their other land packages. It all adds up.
Our funds are about 8M and they will go fast. Raising money in this aweful macro is going to result in big time dilution to shareholdwers. Us getting to $.50 will be as much a climb as when we got to $.78 considering the much larger float we have/gonna have.
Considering the posts today, is it not more prudent to slow down, allocate the additional drilling resources to Moosehead? Or is Tim drilling these other properties a sign that he needs to hedge his bets? Just asking because savy new investors would be asking this quesition also.
GLTA
BC
Agreed BC great posts by surething and hedge. I as struggling to add anthing more but to say I am
with BC go slow and develop Moosehead or you will run out of money and just make yourself a
takeover target that will get all the glory and more importantly steal the pot of gold.
Sure lithium is the sexy beast out there but how many things can you do at the same time
without running out of money. These are dangerous times and it is best to be cautious not
chasing rainbows. IKE