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Timberline Resources Corporation Message Board

  • tryingtogetthefacts tryingtogetthefacts Feb 13, 2012 9:39 AM Flag

    Question About Resources

    How long will the $6M last? Are there any payments still due from the TDI sale? When will the BTH cash flow commence and how much will it be?

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    • You can see it in quarterly income statement: company spent about one million on exploration and about half million on other expenses in last quarter. Regarding your other question (cash flow), the answer is unclear. There is not enough data, so possible answers mostly depend on personal experience and attitude.

      In my opinion, company will have a fundraising event this year and it’s quite possible that they won’t wait for the last penny. It’s possible that they wait for, at least, some increase in stock price to do it; so, for example, if upcoming resource upgrade in Nevada project (it should be here in 2 months) could cause some lift in share price then company would use it to raise funds. I don’t think that selling shares is the end of world; it seems to be inevitable anyway. Making more complicated deals to get cash could be worse for shareholders, imho.

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