Haven't we heard that for the last 2 years. Thgere is no foreseen financing in the short term, all the Baystreet houses are risk adverse these days as most are in the red or barely treading water...
What else would they say when most of them are short the market on any new start ups...all you have to do is look at the PM market to get a hinmt of what is going on. PM shares are trading lower now then when gold was under 1000/ounce.
Look at any other stock in the resource sector with no revs and a similar market cap and see where they are trading.
The market is giving it a 500 million market cap and having a heck of a time in suppressing it as they have already invested near 15 million shares in attempting that.
I would rather be in my position then being in theres at this point.