RE:RE:RE:RE:RE:RE:RE:RE:FROM SEA'S Q1 REPORT RE: MTTzorg,
i agree that:
1) rudi has been takin his sweet time...........
2) rudi has missed target after target;;;;;;;
3) rudi missed the chance to pick up TC/3amigos on the cheap.........probably one of his bigger mistakes...............
but while ksm is far from being a mine, they are years and hundreds of millions ahead of TC.............at least in theory.........
as for a raise, TUD had $7M as of Dec 31. In 2023 they spent around $30 million (including overhead). maybe they can stretch overhead and 1st phase of drill program out with payables. Id venture to guess that cash position right now is no greater than $1.5M. Nuthin more dangerous than a mining co under the gun to raise capital!!!!!!!
Of course, you can avoid the whole financing and dilution issue by owning TUO or amk instead of TUD
stockzorg wrote: Seabridge has had an LoO in place for the MTT for ten years and hasn't moved one spade of dirt in that time on TUO or TUD or AMK claims.
Maybe in the early days they were putting in their usual stink bids for the property. But now perhaps there is an understanding that a combined solution is the most efficient way to build out KSM.
Not sure what your hurry is for TUD to do a raise right at this minute unless you're at risk if the SP goes up. I'm waiting for an announcement on a visionary solution that knocks capital and operating costs to the ground for both companies. That will make the next TUD PP a non-event.