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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Post by jimylegson May 03, 2013 11:49am
183 Views
Post# 21340062

financials

financials

I particularly like page 2 where KPMG says

Without modifying our opinion, we draw attention to note 2 in the consolidated financial statements which

indicates that Ucore Rare Metals Inc. experienced losses in 2012 and 2011, has no significant sources of

revenue and does not have sufficient capital to fund its operations beyond December 31, 2013. These

conditions, along with other matters set forth in note 2 in the consolidated financial statements, indicate

the existence of material uncertainties that cast significant doubt about Ucore Rare Metals Inc’s ability to

continue as a going concern.

Chartered Accountants

So there really shouldn't be any more discussion about why UCU is .24 and holding.  They need some good news and fast or it will be over before it started.

 

 

Bullboard Posts