Latest News: WOLFPACK GOLD PROVIDES CORPORATE UPDATE IN CHALLENGING MARKETIn short:
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has implemented a hiring freeze
- reduced staff by 35%
- reduced salaries by 20%
- discussions on further reductions
- dropping approximately 40% of its unpatented claim holdings
The above is probably Wolfpack Gold and not Tigris Uranium, as I doubt we had staff while we were rolling our thumbs. This new company we consolidated 3:1 shares of Tigris Uranium and essentially gave away cash to has a 3-year plan stated by the board of directors, and it is as follows:
1. Preserve the Company's healthy cash position of more than 6 million dollars (not including cash equivalents);
2. Conservatively yet systematically advance its leading gold projects;
3. Maintain title to its gold and uranium core assets.
Essentially turned out like expected. Far cry from the 30 cents post-deal as predicted by some. If they weren't reducing costs, perhaps they should hire bullboard READERS. I'd much rather conserve 9 mm of cash for 3 years instead of 6 mm, and a lot can happen in the uranium space over these years. I am not impressed, does not exactly cover how I feel, but it'll have to do.