RE:RE:Page 15 MD&AHello Roller, Not shorting, only watching the drama on this thing still from the side. The company said it is an issue... and i quote from page 15 ...
Liquidity and Capital Resources
On November 30, 2013, the Company had cash on hand of $1,338,999 and had a working capital deficit of
$14,859,730. The Company’s major commitments over the next year are payment of trade and other
payables, additional exploratory work as recommended by Snowden in the Technical Report, and anticipated
start-up at the Bonanza Ledge Project. Given the number of obligations and projects the Company has in
progress, the current cash balance is inadequate to fund operations. On October 9, 2013, the Company
announced it had closed a $15,000,000 gold loan facility to help boost its treasury and fund operations. During
the ongoing CTO the Company was unable to raise capital from August 2012 until July 2013 and had to rely
mainly on loans from the CEO to fund operation