RE: FINANCIAL REPORT??I don't believe that one can go wrong by paying close attention to Hardlook's commentary!!! Jmho, he has hit the nail squarely on the head here. What we have presently are some excesses:
-too many shares o/s with a guarantee of greater dilution coming
-too little $$$$$
-too many properties on the go to do proper justice to any of them
In other words, our business focus needs refining and soon. We need money to proceed and the only way a junior exploration company can get money is through another equity financing(pp), or bringing a partner on board in a jv. Debt financing is not an option, and that is clearly demonstrated by our current low debt levels, we've had to pay for everything with shares to date. Good from a debt perspective, bad from a dilution perspective.
I would like to see a pure focus on only Canatuan & Shuiskoushan, but I suspect that will not be the case. The market is telling us that we are worth only 16 cents, and unless the POG turns up strongly again, AND we have some discovery success in China, then there will not be much sp appreciation. My opinion only, you regular posters have an excellent guide in Hardlook, he's honest, sincere and has lots of common sense and business experience. Enjoy his posts, I do!