So is the person pumping this stock now wearing diapers? Three Months Ended February 28, 2014 Compared to Three Months Ended November 30, 2013
During the three months ended February 28, 2014 (“Q3”) the Company reported a loss of $1,033,233 compared to a loss of $283,387 for the three months ended November 30, 2013 (“Q2”), an increase in loss of $749,846. The increase in loss is mainly attributed to:
(i) increase in cost of operations per equivalent ounce of gold sold in Q3 of $1,380 compared to $1,206 in Q2; and
(ii) during Q3 the Company agreed to pay interest of 9% per annum on advances previously made to the Company. Accordingly, financing expenses increased by $123,685, from $185,896 in Q2 to $309,581 in Q3