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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Bullboard Posts
Comment by MVargason Nov 08, 2013 11:04pm
248 Views
Post# 21890916

RE:Did I Miss the Announcement

RE:Did I Miss the AnnouncementHere's a clue from today's MD&A filed on Sedar:

The Company’s working capital is insufficient to meet its 2013 and 2014 obligations and this raises significant doubt about the Company's ability to continue as a going concern. As at September 30, 2013, the Company had a cash and cash equivalents and short-term investments balance of $7,803 (2012 - $31,470) to settle its financial liabilities of $13,191,297 (2012 - $7,366,894). The Corporation had spent all of its flow-through funds on qualifying Canadian exploration expenses by March 31, 2013. The Corporation's ability to continue operations depends on its ability to secure financing necessary to meet its obligations, finance development expenditures, and to achieve profitable operations and operating cash flow. The outcome of these matters cannot be predicted at this time. Should the Corporation be unable to secure the necessary financing, it may have to, at any time, curtail or cease its operations.



Bullboard Posts