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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Post by romankoon Nov 28, 2009 12:08pm
610 Views
Post# 16532905

Interim Financial Statements

Interim Financial StatementsFound them on sedar.com this morning, dated Nov 26th, for the quarter ended Sept 30th. Just reviewed the statements and the MD&A, and although they contain nothing new as far as drilling results, they do show the company is very well funded wtih 4.5million in cash, negligable liabilities, and the numbers reveal they've been running a very tight ship this year, staff and directors are still deferring some of their compensation, general expenses are down, and they seem to be fulfilling their commitment to conserve their resources for what counts - exploration and drilling.

My guess is they'll do a news release on the financials this week, since they'll already been submitted to sedar.

P.S. I'm a designated accountant by profession, and relating this not as my professional opinion - I'm not engaged as their auditor and do not have any insider access, but I'm a shareholder and this is part of my own due diligence, please everyone due their own review.


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