RE: RE: Financing in the Works? Much of that working capital is in "marketable securities" and not cash.They gave $17m to Silver Range in the spin off. They did a placement in early March for $16m (covers the monies to SR). Although they have cash they may be looking to place themselves in a more comfortable position going into a very volatile period. However, I also think that it is not about whether they really need cash but more about having to appease lenders and give them more cake at lower prices (this is a VSE stock).Outside of that, I see most junior explorers are having a tough go right now. There seems to be a broad sell off in this sector ... even with GOLD going exponential. It certainly is not for the faint of heart and investing in this area requires good strategic planning .... not a buy and hold mentality but more of a buy on rumour and sell on news. If news is good there is further opportunity after the sell off to get on for the next stage of the move. For the vast majority there is no next stage other than skilled promoting to suck in more ..... but there are shining lights and there is always opportunity to get back in at a later stage to continue profiting. In terms of Yukon plays, it is ATC and KAM that everyone is looking to for stellar results. ATC is very slow with results and it is dropping right now as a consequence. I appreciate the issue of delays at labs but it is obvious that the market has worn out its patience and the only thing to turn around the price is high quality results.Unfortunately, as evidenced with a majority of these juniors, the issue with a declining stock price (as much as 30%) is that it would require exceptional results every time to overcome such a fallback ...... it is mainly the institutions and informed that win out.SMD is my favourite junior mining stock. I really like the exposure it has to other securities (mostly ATC). But it also has the huge upside of turning up solid results itself. However, please get the news flowing ....best wishes to all ...