Klondike Silver Corp KLSVF

Going Concern:Companies notes

[GrahamB]

"The Company incurred a net loss and comprehensive loss of $2,426,666 for the year ended May 31, 2021 (2020 - $867,705) and had a working capital (deficiency) at May 31, 2021 of $972,213 (2020 - $(705,373)) and a deficit of $29,948,836 (2020 - $27,522,170). These statements have been prepared on a going concern basis, which presumes the realization of assets and discharge of liabilities in the normal  course  of  business  for  the  foreseeable  future.  The  Company’s  ability  to continue  as  a  going concern  is  dependent  upon  achieving  profitable  operations  and  upon  obtaining  additional  financing. While the Company is expending its best efforts in this regard, the outcome of these matters cannot be predicted at this time."
www.sedar.com

The working capital deficiency aof $972,213 is.a important number to investigate.
What is the CAPEX? OP-CAPEX?
How does this relate to OCF?

Note is also made of a deficit of $29,948,836 

 

[Chefboy69]

its a silver deposit, with plans for a mine... really bro??? you have come unhinged too if you want real silver money makers look at Pan American Silver or how about a wold leader check out POLYMETAL INTERNATIONAL PLC those are revenue generating companies.. this is a mining penny play

[Mil_Man54]

Weak response Chefboy....pretty weak....LOL

[GrahamB]

I dont need t look any further: It is a mining penny play as you say-but what kind of play? it is highly speculative, and a complete gamble IMO Losses increasing, share count has tripled over the past 4 years(did you see the warrants, and dilution?) It fails to tick any of the boxes on sustainability It is as the company and auditor state-a going concern-its sustainability is in question. If

[Chefboy69]

i never asked you to follow me. Good luck

[Mil_Man54]

Well we're just returning the favour for you coming to our board and talking shite....now we find it necessary to ensure everyone knows that you're a poser who likes to think he's self important and doen't know what he's talking about.....does that clear it up for you?....