Core Gold DMMIF

The problem is

[bailey2]

You have not read  the financial statement through properly. Current assets are around 37 million. This is also not putting any valuation on indicated gold reserves. The mill is valued itself at over 30 million, in the financial statement. So things are tight with cash flow presently.'Pretty much had a breakeven quarter and gold production is increasing, as per October's numbers. A plan is stated in the financials to pay off debt monthly. Yes, things are tight , however they seem to have no problem raising money via private placement? Open for debate?

[auburn2]

Property and plant is never a current asset. Check the financials again to see that my assessment was perfectly correct.

[LittleOwl]

Well, that's the whole point of the loan and the PP. Shift the current liability to longer term in order to match the assets and plug the working capital deficit. I mean this is pretty basic stuff; no need to fuss over it, and it's a done deal anyway.  As for Washer's sales; 1.5 million shares is really peanuts and Washer is not stupid to dump it all in one gand o because I can

[photoman]

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[photoman]

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