Changed my opinion about TLR. If they get the operating permit then they are off to the races, because they have a good pipeline. Also I feel they will get the permit by the end of this year.
The problem with TLR is their press releases, they put it out there without comments and it looks bad on the surface. So everytime they have a press release they zap the price of the stock. Will they ever learn?
I spoke with the TLR office today re the PR. They are limited to what they released today as there are new rules that mandate the full qtr statements must be translated into a particular "code" for the SEC before thay can be released to the public. TLR contracts this translation to an outside vendor and they have not yet completed the task. Look for the full report by next week.
Depends upon what they have included in "working capital". Last quarter current assets less current liabilities totaled 5.07MM so this would only be a burn rate of 350K a qtr if they are using the term equivalently. This would be just fine and TLR should have no problem waiting out the state of Montana bureaucracy if they can keep the cash burn close to this rate. Kind of surprised to see the share price drop unless there is more than meets the eye in the full results.