Tarachi Gold Corp C.TRG

What happened to the $4,000,000 they raised?

[Magnum2]

Puma

....any idea, perhaps it is a line of credit or restricted cash on the balance sheet...???

Going to have to call IR and see what if any plan is in the works, meanwhile adding shares as taxloss just keeps this in check.  They'll need even higher Gold prices before this one rebounds.

Metalla dude says January Gold will hit all-time new high, we'll see, we are in a strong seasonal period for Gold and the U.S. mkt and USD$ should both tank soon IMO.

GLTA

[Puma1back]

look at the statement of cash flows - spent $4 million on exploration and $1.5 million running the joint. they do have more than a million $ of gst & mexican value added tax refunds. Don't know how long that stuff takes to recover , but i think the mexican rwcunds can be slow. Anyway, has to be getting a little tight in the cash department now as they must have burned at least half a

[Magnum2]

Talked to the Co. today, Yes very little of the cash went to exploration, most of it has gone into the plant (must be an accting transaction?) and getting Magistral ready for cashflowing us.  Pretty sure they have quickly realized the priorities in this mkt and that exporation has not received any benefit to the Junior Cos, Magistral and earnings is the key. They are still looking for a