Post by
Oregonduck on Aug 28, 2024 6:09pm
Nothing to see here
Just move on!!
The latest audited y/e financials ended April 30, 2024 showed that the Co is not a going concern i.e. insolvent. Cash on hand $422k but owing $2.43 million in payables mostly to Chuck. Spent over $2 million on drilling without finding any gold or scandium. The $4.5 million private investment is just window dressing to juice up the balance sheet so as not to show a deficit hole or negative equity in order to stay listed. Without that fake valuation, the Co would have been delisted by the Venture Exchange. Look for massive dilution or rollback. Throw your shares in a dumpster and take a tax loss.
Comment by
coolshivers on Aug 28, 2024 11:12pm
I plan to be buried in them and tell stories around the camp fire. It will be the second addition. Ice and Camp fire.