GREY:GNHRF - Post by User
Post by
Edp007on May 06, 2016 6:22pm
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Post# 24849722
Wow horrible MD&A filed on SEdar
Wow horrible MD&A filed on SEdara few excerpts...
.At February 29, 2016, the Company had Current Assets of $361,741 (May 31, 2015 - $127,220). Current Liabilities were $3,980,530 (May 31, 2015 - $3,259,215).
Wow...totally in debt....
Sinomine backed out.....
As of the date of this report, Sinomine has given notice that they will not proceed with the option agreement; therefore impairment of $2,190,932 was recognized during the year ended May 31, 2014 to write off the Kacinar Gold Project to zero.
They need to raise millions of dollars to drill what they have if they will get a drill program going... i added it up...about 4.5 mill needed...already in debt 3 million total 7.5 mill plus 1/2 mill for admin...
They don't even have a dime to update their website....in years lol
8 mill needed just to stay alive.........gonna have to rollback i imagine 100:1 lol
Then do a placement ...either that or a pp for 800 million shares....no roll back wtf ?..might as well have a billion shares out like DGi......trade ten 20 mill a day not chew through .005 lol
they are gonna go bankrupt....get ur pennies out...only people buying millions are folks like Kersmash,Easymillions...dreaming of a cheap 10 bagger etc..just a handful...no retail here...lol
Anyone educated investor can see from the financials filed on Sedar not to touch this dog...