Post by
rockhound3 on Nov 11, 2021 1:58pm
The financial statements = after a Russian Colonoscopi!
After one has had a medical procedures we are often told to TAKE IT EASY! !
Thus i will go over the 3rd quarter results slowly so as not to blow anymore gasgets!!!
Starting with the BALANCE SHEET = we note that at September 30th Nevada Copper had CURRENT ASSETS of $3.963 million!
However the company had $264.234 million of CURRENT LIABILITIES ! which included accounts payable of $43.730 million
Let these #'s sink in and ask the questions = how do the 3 amigos think that raising $75 million will help? Remember that they only had $3.3 million in cash 5 weeks ago- what have they been operating on since the end of Sept???
As noted it is important to let the #'s sink in so at this point we should note that there is $118.984 million in unpaid Stream & Royalty amounts owing!! Now one might argue that the the 119million is really a current liability ? = HOWEVER DOES IT REALLY MATTER??
Please let the above info sink in - as the next revelation is that in the quarter Nevada Copper "made" = $28.102 million !!! stay tuned to find out how this happened.
Again it is important to TAKE IT SLOWLY !
Rock
ps Note that PALA is looking for a parttime (70%) junior accountant = all you need to get this job
- be a team player
- be a high achiever
- have a positive attitude
The benefits include ( well-being & learning initiatives )= and we can only guess what one would
entail!?
Comment by
bogfit on Nov 11, 2021 2:12pm
Don't confuse me with facts. I want to know what is going to happen now - going forward? The question of any real imporatance now is buy or no. The decision to sell is pass, Oui? b.