New Sedar release-interim financials
As at June 30, 2014, the Company has a deficit of $12,919,652, working capital deficiency of $2,037,310 and has incurred losses since inception, all projects have had impairment or been significantly written down.
Day Butte has been written off completely, Phat City has lost almost half the acreage. In my opinion, there is no hope, the company cannot obtain finance-the recent placing does not seem to have completed. The company can not attract a joint venture; and if it does, on what terms will this be. I truly hope Paul can pull a rabbit out of the hat, but I personally cannot see this happening.
FE