Q3/08 Financials & Operational Updatehttps://biz.yahoo.com/ccn/081125/200811250499291001.html?.v=1
The report does not contain any surprises and it also confirms my view that SPI is in excellent financial condition. The last two paragraphs of the Press Release (shown below) summarize the strength of the company.
"CSRI is well funded with $12.0 million of working capital ($0.25 pershare) and has minimal current capital requirements associated with theFarrell Creek projects. This will enable the Company to advance theevaluation of its large significant land base
without raisingadditional equity capital in a difficult capital market environment.Success in the Farrell Creek properties will ultimately result insignificant additional investment by the Company and its partners.
Inrecent months, the global financial environment has had an adverseeffect on capital markets and commodity prices. This has impacted theability of many companies to raise equity capital and may provide anincreased number of opportunities for well-capitalized companies. CSRImay investigate some of these opportunities".