RE:RE:RE:RE:RE:Sorry to but in Tex Time may have a way of healing old wounds, Junglej, but the rent is due on the first and, like time, landlords don't wait too long before lowering the boom. The balance sheets are what they are, bills have to be paid, and you can accrue the payables for only so long.
But who is most at risk now that the Treaty Creek litigation is out of the way and all costs have been paid? Are you certain it is Teuton that needs to convince American Creek "to talk to them?" It seems to me it's the other way around and, as I've said before, given the current arrangement it would suit me perfectly well, if Teuton did not have to come up with a massive dilution to pay for the first round of exploring at Treaty Creek. However, it is not written in stone that the current arrangement must be the only arrangement that's possible.
Presumably Electrum will yield favourable results and perhaps that will spur the immediate future for American Creek. Perhaps Gold Hill will do the same, but if neither produces anything that raises the share price and the bills have to be paid, what will be the future for the shareholders?
You make the analogy of a ship sailing past the point of no return. I don't think it is good analogy. It constrains the possibilities and it makes American Creek's management look like a bunch of programmed automatons, incapable of making decisions that change direction in order to avoid what might turn into another disaster for those of us who own shares today.
The burn rates will continue, exploration elsewhere will require money, that is, private placements, and the litigation will be expensive with no promise of having these funds returned at the end of the rainbow. Remember one year ago? I suggest you project the numbers with a 'pro forma" analysis, Junglej. How long do you think the ship can continue sailing along the course you say is unchangeable, especially in light of the general market conditions and the Company's most recent experience with raising money? Perhaps Electrum can change all of that, but if it doesn't, what becomes of the Company's ability to repay its debts, let along its bargaining position vis-a-vis Teuton?
There are alternatives, Junglej. Some of them will benefit the shareholders and I suggest that it might be the case that Treaty Creek is the key. We shall see. The financials are due soon, as are the assays. Then the long, cold winter. Now that's inevitable.