TSXV:EGA.H - Post by User
Comment by
blackjackallon Mar 10, 2010 1:52pm
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Post# 16866567
RE: APM given a v. good review
RE: APM given a v. good reviewI'm sorry but just because a resource company carries an asset on the books at a certain price does not mean it is worth that much in real life. That $14 million number is simply the amount of money spent on the project or projects. I also notice that as of the last financials the company has $63,000 in cash and $278,000 in current laibilities. Even if they close the latest financing they still have very little cash to do any work and will barely keep the doors open so another financing is very likely and should be factored into any kind of research.
I'm sure the further I dig the more skeletons I will find.