RE:RE:Moriarty mention Nov 30thDo we have a basher with motives to lower share price of CYD?
November 21,2013 financial report states
"Assets
Current assets:
Cash and cash equivalents $ 2,020,458 $ 1,345,561
Amounts receivable 1,108,403 962,426
Desarrollos Mineros San Luis, S.A. de C.V. (note 5) 7,872,000 –
Prepaid expenses and deposits 111,520 77,989
Asset held for sale (note 5) – 10,381,732
11,112,381 12,767,708"
Looks like money in bank before receipt of Gold corp last payment=2,500,000.00
As for payment
"Asset held for sale
On February 1, 2013, the Company entered into an agreement with Desarrollos Mineros San Luis, S.A. de C.V.,
(“DMSL”) for the sale of the eastern portion of the Morelos Sur Property, now denominated “Morelos East”
representing 2,492 hectares of the 17,076 hectare original concession.
Cash consideration for the concession area is $15,744,000, of which 50% was paid on February 28, 2013 with the
balance to be paid once the subdivided titles of Morelos East are registered in the name of the buyer. The
Company commenced the subdivision process with the Bureau of Mines immediately upon signing the agreement
and expects the process completion and the receipt of the funds in the fourth quarter of 2013"
I think payment MAY be delayed until January 2014 for tax reasons but that is only my guess as nothing from management has been heard.