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Timberline Resources Corporatio Message Board

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  • tryingtogetthefacts tryingtogetthefacts May 15, 2012 8:02 PM Flag

    Response from TLR

    more from TLR

    As you note, we have acknowledged that we will need to undertake financings in the future to advance our business plan as it is presently constituted. This financing could take the form of equity or debt. We will provide more specific information on our future plans as it becomes available, but I think the important takeaway should be that the presence of this shelf registration does not in any way mean that we will raise $30 million via equity in the near future, if ever. Please note that we ended up using only $5 million of the previous $30 million shelf registration.

    It is our belief that there is much more at work with the recent price drops than simply the potential for future financing. Most companies in the mining industry, large and small, are selling off hard the past couple of months. Since you mention GORO, I do note that it is an exception to this most recent sell off, and agree that in a normally functioning market, the issuance of our permit to commence production at Butte Highlands, as well as the commencement of production itself, should be a catalyst for Timberline’s stock price. The current “buyers strike” reminds me personally of late 2008 and early 2009, and buyers of Timberline in the spring of 2009 saw a substantial appreciation in stock price before the end of that year. Hopefully history repeats itself.

0.1670.000(0.00%)Feb 12 4:00 PMEST