No need to clarify. I was there and heard this same thing at the cambridge show. I thought I said as much. He's slowing things right down, conserving cash. Personally, I think it's the absolute right thing to do.

He's keeping his eye out for property and would resume more agressive operations as soon as things start to turn around. Almost all the juniors are doing this. Call it survival mode. You just can't get money in this environment.

Don't be too dismayed. After all, no amount of good news would amount to any kind of rally. It's a good acting performance in a bad movie. No one will notice. However, the movie can turn good and then it'll be noticed by many.

It's a story of patience now. It's painful but it'll come around.