RE:RE:RE:RE:Back to the Money Well ?tonyabou wrote: Yes you are right but the main purpose was for leach pads though what are you trying to calculate if I may ask if they have enough to cover the purchase of Ivan? I'm sure they will still do another financing the amount though how much do you think it will be?
Well, since you stated you have frequent contacts with the Company, why don't you call them or call Ms. Nemeth and let us know ?
Contact Naomi Nemeth, VP Communications at (647) 556 1023 or (604) 682 5546 or
nnemeth@coromining.com ; or
website site at
www.coromining.com ; or Email at
investor.info@coromining.com We know as at Q3 ending Sept. 30, 2016, COP recorded cash on hand of $3.35 million. It raised another $5.25 million in January 2017. As per OSC rules, all TSX issuers must file an audited Annual Financial statement by no later than 120 days from year-end closing (i.e. Dec. 31, 2016 for COP). So, we won't know how much cash is left until possibly by April 30, 2017. According to the Company, closing of the Ivan deal is expected soon or by the end of Q1 2017 (March 31, 2017).
No point for me in guessing or putting out fake or unverifable reporting.