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Aquila Resources Inc T.AQA


Primary Symbol: AQARF

Metals & Mining Industrial Metals & Minerals
Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.


OTCQB:AQARF - Post by User

Aquila Resources Inc > 3rd quarter results
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Comment by invidious1on Nov 14, 2020 10:25am
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Post# 31901061

RE:3rd quarter results

RE:3rd quarter resultsInvestorguy1234: I looked at the Q3 financial report and the MD&A. What struck me was Aquila's cash position: approx. $640,000 at quarter's end. CEO Barry Hildred said in a Sept. 20 webinar that the company's burn rate is $300-350,000 a month. Given that we're six weeks beyond the Q3 closing date, it would appear that, absent additional funding, Aquila's close to broke now, Does that seem right to you or am I totally off base here? (I in no way claim to be an expert on mine finance).
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