Aquila Resources Inc T.AQA

Read the financials - bad news...

[uranium777]

What assumption? It is a fact. That is why public companies are required by law to do financial statements because they certify what they write is factual. What you’re doing is speculating. Wishful thing.. Actually, it’s whining… I am telling exactly what the company has posted. Cash on hand is inadequate to pay for the MRT project. Add the other costs over payroll, rent not just for the Back Forty project but for whatever else they’ve got going it’s a fact that unless something changes they can't pay for the MRT property. Without Hudbay they better nurse their cash or the Quiglets won't have enough slop to feed at the piggy trough.

Financial Statement: Estimated total lease, option and purchase costs for mineral interests relating to the Back Forty Project are US$1,575,741 for fiscal year 2012. The amount is subject to change. HudBay will reimburse the Company for these expenditures under the terms of the HudBay Option and Joint Venture Agreement. Estimated lease, option and property acquisition costs for Exploration Alliance, Michigan Gold and Reef Projects of $106,912, $57,560 and $43,262 respectively are due in 2012.