RE: RE: CompareGold8, not sure how much money GSR has in their treasury, but it's probably a tad difficult for them to raise money with the many compliance problems they had earlier this year. I'm sure the BCS comission's report has been dealt with, I just couldn't find it, but I didn't check Sedar. If your serious about dd on CAN, the Handeni gold trend has a combined strike length of over 15kms with many more excellent targets still to be drilled. How big is the property, give or take 100 sq. km.
Back to GSR, have these been addressed and how is their treasury?
The following is a summary of the Commission's comments:
-- The Interim Statements did not include certain detailed information
required by International Auditing Standards ("IAS"), and did not
include reconciliations from generally accepted Canadian accounting
principles ("GAAP") to IFRS;
-- The Interim Statements did not include explanations of certain changes
in financial positions, included notes that were not required and
included errors in amounts reported;
-- The Interim MD&A did not contain all information required by NI 51-102
to explain various changes from the preceding period(s), did not
indicate the accounting principles with which the financial information
was prepared - either GAAP or IFRS - and did not, in respect of related
party disclosure, include the identity of the related party, the
business purpose of the transaction and the recorded amount of the
transaction;
-- The June 30, 2011 MD&A did not identify the qualified person who
prepared or approved the technical / geological information in the MD&A,
or his relationship to the Company;
-- The June 30, 2011 MD&A did not contain the level of disclosure required
by NI 43-101 in respect of the exploration work completed during the
quarter and overall results received, and reported various mineral
resources for adjacent properties without the details of resource
category, tonnes and grade required by NI 43-101.