RE:RE:RE:RE:RE:RE:RE:RE:RE:Financial Satement 31 Oct 2018
dacre, thanks for your comment. First of all, I also count on the management of DGO. They had a great look not to dilute the shares, mainly on this great deal with BTR. But now, things changed. TROVE is 100% which is a great opportunity for DGO and a never expected chance for the neighbours like OSK and MKR. Windfall has the the highest priority of all DGO claims. Up to now, we do not have the permit for bulk tonnage at Mayners Fortune. Buckshot is unclear, but could be huge in the near future.
As said the Windfall properties getting attention now, and it would be very comfortable to use MKR and OSK drill results to push for a good priced PP. We will have also admin costs to handle. Quite sure, we have enough securities, but as a shareholder I prefer to sell the BTR shares at a better price as now. I am positive on DGO and would like to hear some news from the management. It's no to so bad to make litte PP while using the fact, that MKR is creating attention to this area...GLTA
dacre - (1/8/2019 10:48:58 PM)
RE:RE:RE:RE:RE:RE:RE:RE:Financial Satement 31 Oct 2018
You can speculate and insinuate all you want about a pp. They are inevitable as with all exploration companies, all companies for that matter that have no revenue. As investors we get that. And who knows when the timing will be, but I have confidence in the management team, conditions will be as favourable as possible, and funds used in a systematic and effective manner to garner the best results.
Having said that, the only work that has been conducted since the Oct. 31 financials has been till sampling...a total of 9 samples taken and assayed...next to nothing in exploration costs in the last couple of months (mag survey was funded by Bon Terra). So, I think it's pretty safe to assume we're not in dire consequences given there was $45,636 in cash, $504,000 in marketable securities as well as $112,000 in accounts receivable. Really don't think we blew through over $600,000 in two months that would leave us in a dire situation as a couple posters are suggesting.
At any rate, I'm looking forward to the upcoming exploration season. With pristine, angular gold particles in virtually all of the till samples...(you know how rare that is???), the bedrock source for that gold is nearby. Let's go find it ladies!
Have a good night!