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Bullboard - Stock Discussion Forum GobiMin Inc. GMNFF

GobiMin Inc together with its subsidiaries is engaged in the investment in equity, debt or other securities as well as direct ownership stakes in projects, including the development of mineral properties, mainly in the Xinjiang Uygur Autonomous Region (Xinjiang) of the People's Republic of China. The company's segment includes Investment business and Mining business. It generates maximum... see more

OTCPK:GMNFF - Post Discussion

GobiMin Inc. > Book Value is Almost ALL CASH!!!
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Post by Malpeque2 on Dec 21, 2022 12:43pm

Book Value is Almost ALL CASH!!!

 Shareholder Equity as at 9/30/2022 is $92.9M US for 49.170M shares outstanding is $1.88 US. As of this date Current Assets totaled $82.27US. All Liabilities totaled $2.446M. Non-Current Assets totalled $13.1M. All figures US dollars. Of the non-current Assets PP&E Totaled $4.5M. Investment Properties Totaled $4.2M. Financial Assets at Fair Value thru P/L totaled $4.4M. Of the Current Assets at 9/30/22 CASH was $70.7M US. On Dec. 9th 2022 the Company received the final piece of the Gold mine sale of $6.987M US so the Pro-Forma cash is now $77.687M US. At 9/30/22 this Payment Receivable was listed as a current asset so that number of $82.27M US is still about the same. According to Note 6 another Current Asset was a Loan Receivable due December 10, 2022 for $4.012M so IF the Company collected this Loan when due, Cash Pro_Forma for today is $81.7M US so almost all current assets of $82.27M US are now converted to CASH.
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