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Metals & Mining Industrial Metals & Minerals

"Morro Bay Resources Ltd is engaged in gold-silver exploration with mineral interests in the Penoles Project in Mexico. The Company has operations in Penoles, Mexico."

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MORRO BAY RESOURCES LTD > Anyone know any details on the end of march deal?

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Post by Da1man on Mar 09, 2015 7:15pm

Anyone know any details on the end of march deal?

As at December 31, 2014, the Company had cash and cash equivalents of $294,559 ($533,748 as at September 30, 2014). Current cash and cash equivalents stand at approximately $150,000.

Read more at https://www.stockhouse.com/news/press-releases/2015/02/27/morro-bay-announces-release-of-first-quarter-financial-results#0rAxKoYFiCTkpgzF.99

does anyone know if they have made a portion of the $750,000 payment already? Otherwise, this is definitely not looking good for Morro Bay.

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Comment by Sophia123 on Mar 09, 2015 9:21pm

Nope. I havint seen ANY announcments from Morro Bay Resources Ltd about making ANY payments so far to Riverside. Less then $300k cash and needing like $750k cash in 21 days. Thingz are NOT lookin to good here. Have the BEST day EVERYONE!!!! YEAH!!!! ^_^

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