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Bullboard - Stock Discussion Forum Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. The Company's principal business activities include acquiring and exploring exploration and evaluation assets. The Company's Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. The Company has three separate claim blocks in Nevada that are prospective... see more

CSE:SPMT - Post Discussion

Spearmint Resources Inc > Um, anybody figure out how they would pay for a drilling
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Post by KozmoT on Sep 21, 2020 7:43pm

Um, anybody figure out how they would pay for a drilling

program?  Yeah they raised $699K a while back but they had, as of Apr 30 - $523K in Accounts Payable and they've incurred 5 months-worth of expenses since then.  If they are lucky they can manage to pay off their debts.
Comment by ErinBrockovich on Sep 21, 2020 9:27pm
Agreed. I have mentioned this time and time again. They don't have money for a drilling campaign. This is the reason I pulled the bulk of my position out months ago. 
Comment by KozmoT on Sep 22, 2020 11:34am
So, not a single pumper here can explain how they might pay for this imaginary exploration? ......
Comment by KozmoT on Sep 22, 2020 12:45pm
So, not a single pumper here can explain how they might pay for this imaginary exploration? ......
Comment by Oilseeker01 on Sep 22, 2020 12:55pm
bye bye moron
Comment by KozmoT on Sep 22, 2020 1:29pm
so you can't figure out how they'll pay for any exploration either?
Comment by ark88 on Sep 22, 2020 1:54pm
I do but I'm not gonna tell you. Do you why? Figure it out Sherlock.
Comment by KozmoT on Sep 22, 2020 2:34pm
We'll mark you down as also having no idea how they'll pay for any exploration. Try reading their financial statements.
Comment by KnockOutPnch666 on Sep 22, 2020 3:19pm
This post has been removed in accordance with Community Policy
Comment by Ranger77 on Sep 22, 2020 3:20pm
Well said KozmoT!  It will be interesting to read July 31, 2020 Interim financial statements (by the end of september).  What happened with this huge account payable which was due on July 1, 2020???
Comment by KnockOutPnch666 on Sep 22, 2020 3:44pm
This post has been removed in accordance with Community Policy
Comment by ark88 on Sep 22, 2020 3:27pm
You go right ahead and write it down big guy. You'll still clueless Sherlock.