Post by
shiftyone on Mar 14, 2024 5:04pm
There have been no financials for a while.
The audited annual will come out the end of April.
But the corporate presentation Feb 14 or so stated they had 1 million of working capital.
The end of Sept they had 3.4 million cash and another 800 000 in receivables.
So they had a million a month ago.
Management and rent are close to $200 000 a month at least
They apparently have employees working on the gold fines. That is going to cost money.
How long can they continue? they must be down to a few hundred thousand now, if the corporate presentation was accurate. That is like a months worth of money if they do nothing.
Talk to us boss.... it's a $20 million dollar market cap. How do you plan to go forward? Or should we just have blind faith and hope that you work it out. While you are holding on just by your fingernails as far as we know.