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Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

TSXV:PHD - Post Discussion

Providence Gold Mines Inc > A sad day for PHD investors as today they disclosed their
View:
Post by KozmoT on Apr 22, 2024 6:53pm

A sad day for PHD investors as today they disclosed their

2023 Annual Financial Statements. End of 2023 they had only $2,634 in Cash (not a typo) but had Current Liabilities of over $98,000. To be honest I don't see how they can even pay their own listing or accounting fees.  Interestingly, and somewhat comically, they claim they spent $35,000 in "Marketing" in 2023.  Maybe its a typo?
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