RE:The Main PointYou make it view with clarity and i agree with you 100% ! This applies to all small juniors. It is time to protect cash and reduce spending to minimum in order to hit the right timing when gold price will have a better trend. Moving sideway or a bit down is not good at the moment.
nevertheless longer term is more bullish than bearish. How do you define long term? Not sure, maybe 2-3 years ! It is anybody's call.
But if you want to create value for current shareholder you need to cut from the past and bring the out of the box thinking in this dinosaure industry. The right transparancy is key, add to your resources number on the bottom line by consolidating the industry territory with less players but stronger one to deal with all the same variables. Be more selective on location to drill, be more technical when you talk about it to justify your plan and strategy, be proud of your team and put it up front as winners with high probability to start up the operation at one point.
When you operate in an other country, emphasis your support to local authority and government to develop sustainable operation for the benefit of the country on economic, environment and social.
if you have the best territory/land, promote it to the maximum to attract the global interest.
where there is activities, talks and progress on a step by step approach, there is a future.
it seems easy to say it but more difficult to implement. There is enough technology and media to keep the flame high in the sky until economical conditions resume to a better global timing.
Merger on shares exchange or consolidation are option and it is not a bad way to do this. At the end it is a financial game. Only the one with a vision and seeing 5 years down the road will stay alive...if you protect your cash!
glta and dyodd