GREY:RNKLF - Post by User
Comment by
RookieInvon Jun 07, 2019 10:00pm
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Post# 29808069
RE:RE:RE:Dan Oliver says 'buy the beaten down junior miners who....
RE:RE:RE:Dan Oliver says 'buy the beaten down junior miners who....People just need to do their own DD; you can't always buy from a good press release. I do hope they find more high grade gold. This is from their March 2019 financials. I know not everyone looks at things like that. I'm not trying to bash RNX and I'm only suggesting to look at more than a PR.
As at March 31, 2019, the Corporation had negative working capital of $14.2 million, an accumulated deficit of $203.9 million and had a net loss of $3.3 million for the period then ended. Working capital included cash and cash equivalents of $0.8 million. These circumstances indicate the existence of material uncertainties that cast significant doubt upon the Corporation’s ability to continue as a going concern and accordingly, the appropriateness of the use of IFRS applicable to a going concern. These financial statements do not reflect the adjustments to the carrying values of assets and liabilities, expenses and financial position classifications that would be necessary if the going concern assumption was not appropriate. These adjustments could be material.