Douglas Lake Minerals Inc DLKM

10Q

[Urban_Renegade]

https://www.sec.gov/Archives/edgar/data/1297223/000118374009000027/f10q.htm

[stockarchangel]

This should keep me busy for the next week or so LOL.

[coconuts11]

ASSETSCurrent AssetsCash 226,008 Prepaid expenses (Note 3) 74,958 Total Current Assets 300,966 Property and Equipment (Note 4) 66,877 Total Assets 367,843 LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent LiabilitiesAccounts payable 229,740 Accrued liabilities (Note 7) 266,670 Loan payable (Note 8) – 20,000Due to related parties (Note 5) 457,656 Total Liabilities 954,066 Now we know why Harp is in Hong

[shootthebull]

Hi Mr Coconuts, Perhaps you should make the comparison for the 2008 February and 2008 May 10Q as well.  You would see how far Douglas has progressed in the past year.  Or better yet check out the balance sheet of some of Mr. Bob's stock picks.

[coconuts11]

Douglas Lake Minerals Inc.(An Exploration Stage Company)Notes to the Consolidated Financial Statements(Expressed in U.S. dollars)(unaudited)2770536.2 71. Nature of Operations and Continuance of BusinessThe Company was incorporated in the State of Nevada on January 5, 2004.The Company is an Exploration Stage Company, as defined by Statement of Financial Accounting Standard (“SFAS”) No.7

[w256mgr]

  Harp is in Hong Kong remember the stock option exsection ................... the doubt is gonewe will have the capital needed there will be no er need to go looking for money again.It will make the chinese investment look like peanuts

[Des1302]

Co Co...you must be COO COO..  i though you were a reputable basher at one point but now it seems your just a DLKM hater..  Did you even compare the two peirods.  This is great for DLKM.  I am an analyst and this is what i do all day is review audit statements and you can clearly see  that they have improved their cash position and are reducing their current

[Des1302]

Well $2.6MM wont be a problem since the Chinese are already committed for another $4MM..   Duh...

[coconuts11]

"As at November 30, 2008, the Company has aworking capital deficit of $653,100 and has accumulated losses of $26,906,532since inception. These factors raise substantial doubt regarding theCompany’s ability to continue as a going concern. These consolidatedfinancial statements do not include any adjustments tothe recoverability and classification of recorded asset amounts andclassification of

[Des1302]

Co Co you do know exploration minging companies carried a deficit until they actually find something..Duh...  that is the nature of the business... and the working capital decreased from the last quarter..That is how you judge a company...are they making improvements...and yes DLKM is slowly making improvements..Once they get that one concentrator up we can start reducing the loss..If we

[jois1]

Concentrators along will be about $15 million........ oh, and yes, infrastructure costs which be waymore.  This company is far from having enough cash to get really started.   Good assay resultsare only a start.  Get the stock value back up, release some of the 500,000 available shares,somewhere...... and then happy days.  

[shootthebull]

Hi Mr Jois, you are right if you want to put a number of concentrators on site. However the largest shelf unit that Falcon makes is about $250,000. Add to that pumps, gensets, electronics, piping, feeds, frames etc and the turnkey plant can be installed in Tanzania onsite for much less than $1,500,000. Under ideal conditions that unit can process in excess of 200 cubic meters per hour.  The

[Des1302]

Not to mention that the 4MM still due from China includes having one concentrator up... The 4mm left will get us through to production folks..Harp talked about that on the conference call.We will only  need to dilute and raise more capital if the price of GOLD plummets.  If gold continues to rise we will be able to self finance or take on debt to buy concentrators versus diluting the