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MORRO BAY RESOURCES LTD V.MRB

"Morro Bay Resources Ltd is engaged in gold-silver exploration with mineral interests in the Penoles Project in Mexico. The Company has operations in Penoles, Mexico."


TSXV:MRB - Post by User

Post by Sophia123on Aug 31, 2016 12:47pm
205 Views
Post# 25195902

No project...NO CASH...Ewe!!!

No project...NO CASH...Ewe!!!Uh oh huh???  Like 92 MILLION sharez.  No project. And NO cash.  And $181k of debt.  Ewe!!!

As at June 30, 2016 the Company had cash of $9,132 (September 30, 2015 - $540).


As at June 30, 2016, an amount of $181,012 (September 30, 2015 - $80,659) remains payable to officers of the Company.


The Company currently has no assets which form a business or are likely to create revenue. The Company is continuing to locate assets which it may wish to acquire.


Thingz are NOT lookin to good here huh???  
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