RE:RE:Anyone here able to read financials?
fruitvale3067 wrote: Shareholder Equity Deficit = $274 million
Loss for the period = $15 million
Outstanding shares = Now 126 million
They have 7 million in cash and it looks like that is for flow thru (or exploration). I didn't see a line item for operating cash so it must be down to nill.
Did I see right, the value of the mill, Underground infrastructure and equipment, and the exploration and related equipment has a book value of $21 million. Down from $38 million in 9 months. (Bottom of page 12).
Tannin, and you wonder why drill results aren't moving the stock?
Wasn't it stupid that was saying the mill was worth $150 million.
But they slso have 6$ m in payables that need to be paid. From memory.
Broke. And those are Sept 30 numbers.
Bucco