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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Post by Mouloukon Apr 30, 2019 8:24pm
103 Views
Post# 29691999

Ucore going concern

Ucore going concernKPMG wrote, top of p.2 of the FS: We draw attention to Note 2 in the financial statements, which indicates that the Entity has experienced significant losses and negative cash flows from operations in 2018 and 2017 and does not have sufficient capital to fund its operations and planned expenditures beyond the first half of 2019 without additional financing.

First half means June 2019 right? We start May tomorrow...

What is the plan? 

Moulouk
Bullboard Posts