Superstar1976
You need to be better informed about the rules in place. By the rules every exploration companies shall informed their shareholders that they are not certain of the future funding and this even if they have a lot of cash in bank.
I can give you many example but the following one from Shears Minerals MD & A as of August 2010. Please note that at that date Shear had $ 10 million in cash.
Here is the copy from their disclaimer that speaks for itself:
At August 31, 2010, the Company had cash and cash equivalents of $10,233,746 (November 30,2009 - $125,660) and working capital of $9,269,817 (November 30, 2009 – working capital deficiency of $647,553). We estimate that available working capital will be sufficient to sustain operations and complete our anticipated exploration plans through 2011. Actual funding requirements may vary from those planned due to a number of factors, including the progress of our exploration activities.
The current financial equity market conditions, the challenging funding environment and the low price of the Company’s common shares make it difficult to raise funds by private placements of shares. The junior resource industry has been severely impacted by the recent world economic situation as it is considered to be a high-risk investment. There is no assurance that the Company will be successful with any future financing ventures. The Company is dependent upon the continuing financial support of shareholders and obtaining financing to continue exploration of its mineral property interests. There is no assurance that any future financing efforts will generate funds that will be available for operations.