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Bullboard - Stock Discussion Forum Acadian Mining Corporation ADAIF

Metals & Mining Gold

GREY:ADAIF - Post Discussion

Acadian Mining Corporation > Going Concern?
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Post by markthebanker on Apr 01, 2010 2:11pm

Going Concern?

I'm happy to see that the auditors do not think acadian has a going concern issue. Now if they close shop this year we can bring a nice lawsuit against Wasserman and Co. Does anyone know how Acadian plans to fill in the 4 million working capital deficit this year? The story they gave the auditor must have been a good one. No mention of guarantees of cash flow from Golden River - even though they have forwarded 600k in financing at zero % with no repayment terms.  I know the plans are to get debt, or sell assets but that is very general and is not guaranteed for forsure.
Comment by mantosman on Apr 01, 2010 2:58pm
I think they will turn the corner, They spent 10 million to help Acadian. I believe an assest sale will occur, zinc and led doing better.15 File Stream is very exciting, higher gold prices very good overall for that area.Lets see what happends, I am not selling.  
Acadian Mining Corporation
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