Bonterra Resources Inc. V.BTR

2nd Quarter Financials Out!!!

[fruitvale3067]

Lets see!!!!!!!

Loss of $4.3 million. Cash $12 million down from 19 Million at end of Q1 so they burned thru $7 million. Shareholder equity deficit -$259 million. Mill and mine care and maintenance $1.8 million, Outstanding shares up 6 million for the quarter to 126 million. Working capital of $5 million, down from 9 million at the end of Q1, so they went thru 4 million for the quarter that didn't include any drilling. 

At the current burn rate. With 12 million in cash and 5 million working capital that means they have about 7 million left for exploration. So they will need a flow through financing for more exploration drilling and a financing for normal operatons which includes $25-50 million for getting the mill up and running, haul road repairs, etc.

If they do a flow through financing f(exploration drilling only) for say another $15-20 million. Then they will need an additional 25-50 million to get the mill up and running plus Barry open pit. That means anywhere from $40-65 million for everything. At todays share price that comes to somewhere between 65 and 106 million shares to be issued to get Barry open pit running at 30,000 ounces/year.

[iluv2frylies]

Loss of $4.3 million. Cash $12 million down from 19 Million at end of Q1. You again? What the fook. Care to explain the drop in cash? Hazard a guess what results that cash burn has generated? Why will your scenarios fall through with the information we know? Even a supreme doofus like yourself can project the outcome. The Whack/Pump/Dump/Club is way too timid and low energy to "get busy"

[iluv2frylies]

fruitvale3067 is like the male? Nancy Grace. This shi.t is bad for your soul seriously, it's pure fear porn. A million dollars? The Whack Club President, fruitvale3067, would sacrifice all your children for far less, $100K. Whack/Pump/Dump/Club=cesspool of moochers, grifters and grifters, and demonazis

[fruitvale3067]

flylies, do your best to try and change the subject but as I've been telling sidebet all along the financials don't lie.  Unless they can find someone to loan them some money...or possibly do another stream/NSR there is a lot of shareholder dilution coming down the track and it's headed right at you. The low end is a 50% increase in the number fo shares and the high end is closer

[tannin]

Fruits is right, as usual; of course there's going to be further dilution to raise funds. Wexford, with effective control, will back stop the financing to lower their av share cost from the silly high price they paid at the getgo, and BTR will continue on towards profitable production next year. There's good money to made here, just took years for wexford to smell the coffee and course

[heystupid]

This post has been removed in accordance with Community Policy

[tannin]

In what news exactly, heystupid ? Please specify........

[iluv2frylies]

of course there's going to be further dilution to raise funds. You again? Wtfook. Of course, you use supposition to convey conjecture as fact. Back-ending fruitvale3067 with support paints a picture we do not wish to explore. Dilution always goes along with pre-production, in this case, it is later than sooner. The best liar is he who makes the smallest amount of lying go the longest way

[iluv2buyem]

NEVER HEARD OF HIM BUT ILUVIT ! DESCRIBES THIS ROOMS REGULARS PERFECT ! HA !

[pokinfun]

This post has been removed in accordance with Community Policy

[iluv2frylies]

Yes you, team E and the creep show. Wtfook. You again? Did you not take a leave of absence? Your psychotherapist mentioned whining for years develops poor character traits. You have inconvertibly proven this as a truism. Folks, look at this incoherent person, obviously on meds. It cannot write a sentence. It makes no sense. It has an attention span of 10 seconds. It's a double-boosted