Bonterra Resources Inc. BONXF

Financials Posted...

[fruitvale3067]

Here are the highlights (well actually lowlights)

1) First these are condensed interem financial statements. So read that carefully. The we get this not at the end of the Managements Responsibility for Financial Reporting: NOTICE TO READER

"The accompanying condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of management. The condensed consolidated interim financial statements for the three and six month periods ended June 30, 2023 and 2022 have not been reviewed and or audited by the Company's auditors."

2) Current cash was down to $2,193,382 as of June 30, 2022.

3) Liabilitiies were $13,825,279.

4) Shareholder Equity deficit now up to $287,647,065.

5) Net loss for the 3 months ended June 30, 2023 = $1,857,239

Working capital deficiency = $4,550,918

may I suggest you read Note #2...........Carefully!!!

Would someone like to explain to me why this is so undervalued again?

[givemeabreak1]

fruity -I think you mean the current cash is 2,193,382 as of 2023 not 2022! - The liability number is really not that scary in general.  The problematic part is much of the liability number is in the payable department meaning all generally due from 30-90 days so actually come due prior to print.. - Net loss not all that bad considering! - Shareholder Equity deficit is a bit of a meaningless

[fruitvale3067]

Sorry for the typo giveme,  It's a good thing they found $1.6 million in gold in the mill or the coffers would be on fumes. Then again, all they have done is kick the can down the road a little longer unless they can somehow find some financing. Eventually the gold is going to run out (mill cleaning) and the electric company lease on the Bachelor Mill property will also. It looks to me

[fruitvale3067]

Oh, one final item. The all time low is .168 (us) . Today it closed at .1734(us) but touched .170 (us).  Trend is still down. Does it happen this week? Time will tell. 

[idlefreebird]

fruit , well if BTR hagn't consolidated it would be at 1.9 cents ...ouch  VANCOUVER, Nov. 1, 2018 /CNW/ - Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") announces that at market open on Tuesday, November 6, 2018, its common shares will begin trading on a 10 old for one new share consolidated basis