RE: RE: RE: closing PP and REGCOURT-drilling in ocHoovlar:
You talk with Mr. Robin all you want, I will focus on factual information available to me that has been publicly disclosed by the company that Robin leads. I would have expected the information gleaned would be similar if not the same. If you have some special secrets learned from talking to Robin you could always tip us about them here.
The issue I see with hard cash, as you call it, is this:
a. $494K was just raised which is gross before commissions, legal fees etc.
b. The company has approx. $900K of current liabilities as disclosed at June 30.
c. An estimate of about $200K was due urgently for Nevada land holding fees.
d. The company has run on fumes for about half a year. They had cash of $11K at June. Certainly additional liabilities arose in the last 2.5 months to run the company?
e. Option payments / acquisition fees are payable even on Regcourt which are due in September based on the financial statement disclosures. Maybe its $30K now.
This still looks like a larger working capital deficit situation with the new funds vaporized to keep the wolves from the door. I have trouble seeing a flush excess of 'hard' dollars to fund drilling in Quebec - also, what happened to having an exploration program in Nevada, that is fully unfunded too?
JMHO
Nob