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Argex Titanium Inc. ARGEF

Chemicals Basic Materials
"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."


GREY:ARGEF - Post by User

Argex Titanium Inc.
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Comment by billr861on Nov 17, 2016 5:58pm
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Post# 25477870

RE:RE:RE:Is House1, Argex?

RE:RE:RE:Is House1, Argex?I did some digging into the Q3 rpt and Grammadux is right. Despite the report title "Operating and Financial Expenses", a great many things that made up that 1.2M number were paper charges only. I did find a line  that claimed the total excluding all non-cash items and showed 100k! Given other numbers like rent (34k) salaries ( -219k....the result of a 300k refund from the gov) travel ( -47k...no explanation for) consultants (435k) and plant engineering (153K), they clearly  spent more than 100k, I make it 356k but it is unclear how they paid these charges so, who knows. Basically, it's impossible to determine what the burn rate is given these numbers.
  Can anyone tell me where the 2.4M is at on the Q3 rpt?....or is it not there....because I sure don't see it.
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