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Alhambra Resources Ltd. V.ALH

A gold exploration company


TSXV:ALH - Post by User

Comment by clestoron Sep 08, 2011 4:58pm
162 Views
Post# 19024125

RE: Down Down Down 13% Today

RE: Down Down Down 13% TodayAny news today?Volume was highest in several months.June 30 quarterly shows only $900,000 in cashtax liability of $4.3 mm which they have been fighting unsuccessfullyalso mention they have applied for permission from K to sell equity noncash comp was $2.1 mm which seems like a lot considering the mkt cap is $50 mm . . . . so roughly 4%ALH burned $2.6 mm in 1H11 or about $430k per month, so they should be out of money by now . . . but presumably they are generating cash in 3rd qtr and maybe an update on the matter is reasonable expectation?
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