Post by
Ogopogo007 on Mar 29, 2019 8:46pm
Can you believe a stock chart?
I wonder why PP's are at lower and lower prices if mngmnt is building shareholder wealth here?
Shouldn't good drill results = improving SP so future PP's are at higher prices, resulting in less dilution to shareholders?
Go back and read mngmnt's projections
Ask yourself...have they delivered?
is the QC mine paying for exploration?
Was the Feas delivered on time?
Perhaps click over to SEDAR.COM and check out the audited financials
end of 2018 they had $37M in cash
Looking at expenses...blew thru almost $5M running the mine but gold sales of $361,919, Exploration and Evaluation & G& A was another ...Freaking huge number Add them all up...round numbers i come to $95,000,000/12 = ~ $8,000,000 a month.
Doing some sums and some takeaways $37M-3*$8m leaves only $13M...a month and 1/2 of coin left in the till. almost running on fumes by the end of Mar 2019
That's how I do math from reading the financials, I am not an accountant.
JMHO
Comment by
gamer88 on Mar 30, 2019 11:13am
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