GREY:BURNF - Post by User
Post by
nofluffon Nov 21, 2013 3:35pm
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Post# 21928709
sept 30 financials
sept 30 financialsWe are in debt 25000 or so to directors. I am guessing the 50t loan was from EB so he could get paid. We need 125t to make our option good on may 1,14. WE will spend more buy then. We could not raise the money at a nickle. I think they are saying give us options to cover our invoices. The 50t is likely convertable to stock. That leaves us needing to raise 200t in real cash. Metal prices over the next 6 months will tell how close I will be with my 1 cent bid. If copper is under 3.00 I will be close. If over 3.50 It will go at .10. Who will own this deposit in the end?
nf