Getting worked up over nothing
in response to
by
posted on
Jul 27, 2008 07:36AM
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All this talk about juniors getting acquired is premature. Tyhee has not been spending cash as fast as predicted (only 2 drills of 3 turning, and other frugalities). And Tyhee has more cash in the bank than many other juniors, so the pressures faced are not that severe. While a JV may be possible, let's not get too worked up about it!
We all want to see some good drill results, and progress towards a feasability study, permits etc. This takes TIME more than massive amounts of cash. There will be finaning this fall, but not anywhere near as large as last fall.
Perhpas JP does not want to be tied down with specific information which could put him in an awkward position. Or maybe his comment on ALL was a bit of an overstatement. Let's wait and see how things go in August with our sector. July was a very bad month, but Tyhee held up better than most.
SKELEG