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Handeni Gold Inc HNDI

Handeni Gold Inc. is an exploration-stage company. The Company operates through the acquisition and exploration of mineral properties segment. The Company's principal business is the acquisition and exploration of mineral resources located in Tanzania, Africa. Its principal area of focus is the Handeni Gold Project located in the Handeni district, within the Tanga region of the Republic of Tanzania in East Africa, in which it has interests in mineral claims through prospecting licenses (PLs) and/or primary mining licenses (PMLs). The Handeni Gold properties lie within the Handeni artisanal gold mining district, located in Tanga Province, approximately 175 kilometers (km) northwest of Tanzania's city, Dar Es Salaam, and about 100 km southwest of the more northerly coastal city of Tanga. The total area held by the Company in the Handeni district is approximately 236.65 square kilometers.


GREY:HNDI - Post by User

Bullboard Posts
Comment by gOldfarton Feb 24, 2012 7:04pm
130 Views
Post# 19583431

RE: Hope to read more and better all the time.

RE: Hope to read more and better all the time.

Ahh, but the article did not end on such a positive note.  Hope we do!!

 

"Unfortunately, both the net loss and the accumulated deficit during the development stage period of DLKM went far beyond the total assets, while the revenues were still missing. Besides, apart form having no employees other than its officers and directors, Douglas stated that during the twelve month period following the date of the 10-Q report, the company anticipated that it would not generate any revenue.

Meaning that if Douglas does not obtain additional financing, it will be forced to abandon its mineral claims and its plan of operations."

Bullboard Posts