Latest financials released todayGo to www.sedar.com and see for yourself fellow shareholders
Try getting past these two facts and then have a good weekend
Cash as of June 30, 2015 down to just 2 million payables $400,000
Now here comes the part I will love REALand all his aliases to spin this weekend. Straight out of the filing on page 1 of condensed statements:
"These condensed consolidated interim financial statements have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business in the foreseeable future. As at June 30, 2015, the Company had working capital of $6,133,002, of which $4,374,736 is due from non-controlling interest to be used exclusively to fund cash calls to AMSC. Given that management intends to commence development of the Asmara Project towards the end of 2015, management estimates these funds will not provide the Company with sufficient financial resources to carry out currently planned operations through the next twelve months. The Company will need to seek additional sources of financing to bring the Asmara mine into production. While the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These material uncertainties may cast significant doubt upon the Company’s ability to continue as a going concern."
Spin time (and wasn't it Cashtango00 who caught grief when he dare say they will need to raise capital?).