Post by
cskhurasu on Jul 27, 2024 11:36am
TUD Releases Financial Statements
Yesterday, TUD released its year-end financials for March 31,2024. Working capital was about $8 million at year-end, similar to December 31. There were no subsequent events, so no money raised since then. No use of the ATM, apparemtly. There is now a Going Concern note pointing to the need for more capital.
Drilling started after March 31 so we do not know where the cash position is now. Probably it's negative. Maybe these statements and the Going Concern note had to be released before new funding?
Comment by
fordster on Jul 27, 2024 12:22pm
All simply speculation on your behalf...you almost make it sound factual. TUD has NEVER had a cash shortage as KK has said numerous times that they decline monies. As TUD winds up its drilling to start production of its PEA with close to 30 million oz gold, their need for money is far less...so it's sounds like 8 million is just fine for now. Silly silly boy.
Comment by
Jetstream1281 on Jul 27, 2024 2:44pm
The ATM numbers only need to be disclosed once per year.
Comment by
cskhurasu on Jul 28, 2024 10:24am
Public companies are required to report all share issuances which took place each reporting quarter, not just once a year. Most companies also report any additional share issuances from the end of the reporting quarter to the date of the report. Why is TUD being less than transparent?
Comment by
karlschranz on Jul 28, 2024 10:34am
Because you are completely clueless between the ears.
Comment by
cskhurasu on Jul 28, 2024 1:06pm
This response is so typical of the content-free, defensive, personal attacks seen frequently on this site.
Comment by
Jetstream1281 on Jul 28, 2024 1:11pm
Yep....my bad....having read it again you are correct....quarterly reporting, but they have 60 to 120 days after the period ends to release the report depending on what document they use.
Comment by
Jetstream1281 on Jul 28, 2024 1:14pm
And if you look at my posts I attach links far more often than you ever do....so don't accuse me of content free posts....
Comment by
Jetstream1281 on Jul 28, 2024 1:24pm
I'm not perfect but when I make a mistake I own it... You've never answered for your hypothetical garbage and lies...for example, let's see a link that backs up your claim that TUD was stopping drilling?
Comment by
cskhurasu on Jul 28, 2024 8:16pm
I said at the time that the rumor was that TUD had stopped drilling and that I did not know this myself. The various companies active in the GT make comments on what's going on and this was one of the comments. I still think it may be true. Operators are also saying they are getting assay turnarounds in two weeks, much better than usual. We should have had numbers from TUD by now.
Comment by
Jetstream1281 on Jul 28, 2024 1:05pm
Read the recent amendment....ATMs are only an annual requirement now.
Comment by
cskhurasu on Jul 27, 2024 6:59pm
If KK has turned down money in this environment as you suggest, he should probably hire a real CEO. Junior companies don't turn down money, don't fail to disclose ATM inflows and don't like having a Going Concern Note in their financials.