Post by
coalbad on May 30, 2014 6:45pm
Q1 report posted on SEDAR
End of Q1 with a NEGATIVE working capital of $747,000 compared with working capital of $669,000 as of March 31, 2013. Just one of the "low-lights" of the Q1 report. Better buy boys since they expect the private placement to close today ( May 30, 2014) and shares will be diluted by an additional 16,000,000 shares. The company now says it will re-submit its Application in 2014...... how's that for being specific. I guess their previous statement of submitting by the end of Q1 went out the window. This lackluster performance and they continue to re-elect themselves to the board. Enjoy the ride boys!
Comment by
supra48 on May 30, 2014 9:51pm
Your joking right coalgood, in this terrible venture market it is the first time they have increased shares in years. They used up their copper mountain shares which saved more dilution. I think in some ways looking at most other venture plays they are not far off track at all.