RE:Great stuff!!! Financials are out.
halcro wrote: As at August 31, 2013,
Three-month revenue is zero, six-month revenue is $36,788. The big pour is the BS pour on the bullboards.
Negative cash position of $17.6 million, so $14 million from Sprott ain't gonna do much (but it will keep Long-Wave Gordon happy...he got $300,00, remember?).
Three-month, cash-cost mine operating expense of $1,046,000 to pour zero gold.
Three-month, cash-cost exploration of $849,000.
Three-month, cash-cost administration expense of $1,232,941.
Three-month, cash-cost mine, exploration and admin expenses are $3,127,941, or $1,042,647 per month.
September, October burn, added to $17.6 million negative cash position, gives a negative figure of $19.7 million.
That $14-million Sprott loan is almost $ 5.6 million short (BC Mining Tax credits and options exercised)..
None of the above matters. BGM ran the stock price up about 100%. And in this market, given all of the facts you have pointed out.
What gives?
Well, I tell you. Winter approaches and the bears are fat, happy and sleepy. The gold bull snorts yet again. If the price of gold can work its way over say 1550 then how knows just how high BGM can go. Bulls and bears ignore all logic. They just run. And it is nice to see the running of the bull again. You could of course lengthen the "bull" to something not said in polite company and you'd be right of course. Always the way, eh...