Timberline Resources Corp. Message Board

  • tryingtogetthefacts tryingtogetthefacts Jun 3, 2012 12:07 PM Flag

    Financing

    The Toronto Capital Conference is on from June 1-3. Perhaps we will get some positive news from that event.

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    • If production is now set for mid-2013, will TLR have enough cash to continue until then without more financing? After all, they have no revenues.

      • 1 Reply to tryingtogetthefacts
      • george_arthur_vandelay_costanza george_arthur_vandelay_costanza Jun 5, 2012 2:29 PM Flag

        I emailed them about exactly that...they aren't sure when they will be able to mine but, thought it say next year given the pain in the butt the MT DEQ has been. I emailed the DEQ and let them know they suck for commerce and American jobs and tax revenue.

        TLR thought maybe they'd try and get some debt financing as they did talk of doing an actual compliant study on the mine which often I've seen done for debt deals (i.e. an independent party proving you'll have the cash once the permit is approved) as I doubt Guill or anyone would want to dilute at this price. The other thing they pointed out was the $5M cash and reassessing how to spend it. Bare bones on drilling in NV and staff in MT they could probably drag it out a while.

        I would encourage folks to apply some pressure to MT. Let's face it the countries problems are all about jobs and tax revenue and the state of MT is standing in the way of both in this case. This isn't a TLR issue anymore but, an issue of government holding business hostage.

 
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