Post by
KozmoT on May 01, 2023 5:00pm
Thanks for the warning Gamble! and Holy Schitte!! WTF??
They spent only $10k on Exploration in all of 2022 (Note 5) but awarded themselves (Realted Party Transaction - Note 8) $60K in Accounting fees(?!?!) $84K in "Consulting Fees" $36K in Management fees and $72K in "Geologic costs" I can't be reading that right ... anybody else have a different take?
To top it off they ended they year with an Expense burn rate of $322K (which makes no sense given how little they spent on exploration) and only $4800 in Cash but $77K in Trade Payables.