OTCQX:BGMZF - Post by User
Comment by
halcroon Feb 10, 2015 12:32pm
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Post# 23414666
RE:Trade payables
RE:Trade payablesGoldExecute wrote: Would anyone care to explain what those are... Would these be,
Payments to Snowden
Payables to the contract hauling company - The ore didn't get there on its own
Mining contractor
other consultants
Frank
Rent
Are the trade payables actually worked into the cost stated to process the ore?
Amounts owing to Frank, his companies and other related-party entities are separated and show on the balance sheet as "due to related parties: $1,396,284".
As to whether the payables are worked into the cost stated to process the ore, I'd have to surmise that some are, somehow, and that others aren't, somehow. Some of the trade payables will be included in prepaids ($453,983) and inventory ($308,231).