OTCPK:CRUUF - Post by User
Post by
Oxyuridon Feb 26, 2004 1:36pm
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Post# 7123144
Earnings & exploration(?) results
Earnings & exploration(?) resultsNot bad earnings, about what I expected, but I'm confused a bit, not surprisingly.
From an earlier NR:
"A regional exploration campaign was conducted on several targets in the Nanortalik area during the summer of 2003. In addition to 930 metres of core drilling, 304 sediment samples and 406 rock samples were collected. Samples have been submitted for assaying in Canada, and the results are expected before year-end."
and from this NR:
"Planning is under way for a follow-up exploration program on both Lake 410 and Niaqornarsuk based on last summers encouraging exploration results."
What results and exploration program? Isn't that material info and disclosure required?
Exploration got me to thinking about Hwini Butre. Whatever happend to Hwini Butre? Did we extend the lease date to St. Jude? What happened with the drilling program at Hwini Butre, results, etc?
Hard to tell with this NR, but are they cash flow positive as they stated earlier: "Crew is forecasting a positive cash flow to be reported in 2004."? Used a huge wad of cash from the bond issue.
More questions derived from this NR than I would have liked to see, oh well. Need something to move this stock further, we're stalled and not going anywhere since nothing material is being released like exploration results, unless of course...
GLTA
Cheers,
Oxyurid