TLG needs to do something to get out of this mess. I figure its time they think outside the box. But still they mess around with serious inquiries.
But then you never know CRJ (Claude Resources) just issued 18 million worth of Debentures. Ofcourse CRJ has a producing mine reserves of 900 thousand tons at 6 g/t gold (only) and 91 million OS shares at .94 and has been in operation since 1991. (They explore as they mine which is what TLG is proposing to do)
TLG has reserves of 1.5 million tons (counting all ore bodies) at 7 g/t gold plus silver, lead, zinc, and a mothballed mill. Come on TLG issue 80 million worth of $20 preferreds to the current shareholders, make them convertable to gold (40 preferreds gets you 1 oz gold), free trading on the market and lets get down to the business of mining the ore bodies and making us rich. We are wasting time messing around with McQuarie and "serious inquiries" that will squeeze the life out of TLG.
For heaven sake TLG cancel the stupid PP at .05 and Offer us shareholders the preferreds and lets get to the business of mining. The time is right gold is back over $900 only fools like zz and ash holes like volcano will not participate.