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Fabled Silver Gold Corp. V.FMK.P


Primary Symbol: V.FCO

Fabled Silver Gold Corp is focused on acquiring, exploring and operating properties that yield near-term metal production. The company focuses on acquiring precious metal properties in Mexico with blue-sky exploration potential. It has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.


TSXV:FCO - Post by User

Post by Bigoil2113on Aug 26, 2022 9:06pm
217 Views
Post# 34924024

Looking at financials released in Sedar today

Looking at financials released in Sedar today
On December 4, 2020, the Company entered into an option agreement with Golden Minerals Company (“Golden Minerals”), which was amended on May 17, 2022 (“Amended Option Agreement”). Pursuant to the Amended Option Agreement, the Company will acquire a 100% interest in Santa Mara Project by making the following payments to Golden Minerals:
 
• December 4, 2022: 1,000,000USD

and there is only 346,000USD cash on hand. Where are they going to get the money from to pay for exploration and pay golden minerals? They can't raise any money, that PP wormy close until 2023. What the heck is going to happen?
I think they will have to close the doors for now, release all staff and put land on care and maintenance (if there is any care and maintenance required). Not to many options when no money, nobody wants to invest and managment lied to us about having enough. Where did the money go? Where is Peter ? Disappointed
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