Post by
SmackDog on Jul 03, 2013 9:13pm
Volume Breakout Alert
Not really - just wanted to bring your attention to, yet another, prefabricated piece of dialogue:
"Tamerlane terminated the option as part of initiatives designed to focus all management resources on the development of the Pine Point project, where the finding costs are considerably less, and in view of the current financing environment, where exploration funds are tight."
Of course they did - How can they possibly finance ANYTHING, let alone keep the front door open. And how long is a company allowed, to TALK about a pending financing ? Three years and counting seems like an AD NASEUM duration, that will suck the lifeblood out of any shareholder base.
Just for the record, what exactly are the management groups inventory of resources, beyond giving away Los Pinos, to pay down the debt ? Can someone please remind me about the exponentially increasing porosity and water table issues the further west you travel in the hopes of viable extraction ?
Oh well, can't cover everything in two posts, but it's not funny how all the management moves are cumulatively, two steps foward and four steps back - never misses. If you are in need of more insight or elaboration, just ask California Dreaming or Telemarker, as to when the grenade goes off or the rollback happens, as the next order of full scale dysfunction.