BRALORNE GOLD MINES LTD BPMSF

RE:voting results

[miningman]

Well I sure wish I could have found an excuse to be in Vancouver in order to witness this excuse for an AGM and to watch the embarrassment and disappointment at the head table. However as an additional interesting exercise, take a look at the last balance sheet. As of Jan 2013 ( which is of course a full 12 months ago) cash and recievables were down to $1.8 million, with accounts payable listed at $ 939,000, so say a net cash balance of $900,00. Review of the previous years numbers shows that cash has dropped from $ 4.7 million at Jan 2010 to 1,8 million in Jan 2013. Say an average of $900,000 per year. Unless there has been a huge increase in gold production over the last 12 months , one would have to think this outfit is running out of working capital ... AGAIN. and we know that an increase in gold is unlikely given the time that operations were suspended during the summer. And we know that Bill invoices BPM about $500,000 per year via his own company Oniva, so even his ability to draw corporate cash must be getting restricted. The next set of actual financials will make interesting reading and should allow us to make an estimate how much longer they can keep going prior to the next financing.