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Aquila Resources Inc T.AQA


Primary Symbol: AQARF

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.


OTCQB:AQARF - Post by User

Bullboard Posts
Post by uranium777on Jul 31, 2012 9:57am
461 Views
Post# 20168473

Read the financials - bad news...

Read the financials - bad news...

I engage you only because it might actually educate the other clowns that follow blindly. You must work for Aquila as you can't read a financial statement. They owe $1.44 million not including rent for the Ogden club, storage site in Carney and any other deals they have going. Payroll and overhead. last year payments on MRT were not significant yet they burned through $1.5 million? Read it and weep:

INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

As at March 31, December 31,

2012 ASSETS

For the Three Months Ended December 31,Current Cash $ 1,188,421 Net loss for the period $ (322,696) 2011 $ (1,521,300)

 

 

 

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