OTCQX:BGMZF - Post by User
Comment by
halcroon Oct 30, 2015 10:11pm
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Post# 24246093
RE:August Financials In Sedar
RE:August Financials In SedarYes, Boris. Substract the total current asseys from the current total liabilities and you sure as heck don't end up with free cash of $10 million dollars. What was Lesley Stokes on when she wrote on October 23, 2015: "
Now, sitting debt-free with $10 million in the bank and three rigs turning at Bonanza Ledge, its easy for Obradovich to say that BGM is back in business and driven to under-promise and over-achieve."
pigbruinmcveid wrote: Cash: $10.276K
Total Liabilities $10.701K
Shares outstanding 226.642K
All in cost $1,279
Reclamation and remediation initiated at QR mine and mill sight (tree planting etc). On C&M.
Mosquito Creek mine and mill being dispmanteled (delapitaged historical structures removed).
Goldstream Mill took an impairment charge of $224K (scrap metal is dropping in price).
Corp admin increased by $1.5M over same 6 month period in 2014.
Expect more equity financings