Duluth Metals Ltd DULMF

RE:RE:RE:Financing-- time for a cutback?

[yoda2]

Would others help me with respect to the possible/likely financial problems of DM.
I am a shareholder and not a basher.
The emphasis on this board seems to focus entirley on resources. And while resources are very important, at this stage of developmemt,  resource advances on the non-twin Metals project properties seem entirely irrevelant to influencing the stock price of DM  It seems you could punch as many holes in the ground as you want and achieve positive results on each of them similar to those achieved to date and NOT increase the DM stock price by 1 cent.
The still long time until the bankable feasibility study on the Twin Metals Projects, DM's lack of funds to develop anything of value on their 100% owned properties, and the not insignificant financial risks of not being able to continue to finance their share of the Twin Metal project may explain why this stock has lost so much value in the recent past.
There seem to be no signs that DM management is doing anything meaningful to alleviate these concerns, while the stock price continues to waffle at best and to drop significantly.  In the last six months the stock price has dropped about 40%.  It is not very likely that anymore resource news will help improve the stock price.
DM has a total market value of about $100 million. How can anyone justify spending about $20 million cash per year on general administration and exploration ? And this does not include the money spent on the Twin Metals project.
Something unexpected may change drastically and we shareholders may not be too pleased. , Management seems to be on the wrong track for the current realities. And we the shareholders may be hurt by possible upcoming low-ball takeover offers and highly dilutive low price share issues.
I do not mean to rant but I like the potential of the stock and I am concerned that management  is hurting this potential by doing the wrong things now.