mmmm - fatstocks, but watso has posted on this previously.
Post #: 4810977, and in the thread PLEASE EXPLAIN, watso wrote the following
appendix 5b, from the last quarterly gives the following information
Payment for purchases of:
(b)equity investments (655)
1.9 Proceeds from sale of: (a)prospects 863
........
the payments for the equity investments, and subsequent sale, fit in nicely with the report dated sept 7 , which provided the following information
"The agreement for the sale of the Company’s tenement interests was first announced on 3 August 2009. The proceeds of sale received by the Company were $207,500 in cash and $655,000 in shares in Cazaly Resources Limited. "
$655,000 worth of caz shares, and the $207,500 cash, nicely works out to the $863,000 that the company received for the sale of equity investments.
..............
so fatstocks, in relation to your comment
"why would the poster deliberately mislead hot copper members? Very mischievous and another typical down ramp tactic,.."
watso is not deliberately misleading at all - watso was simply going from what is written in the last quarterly - which clearly state
"Proceeds from sale of: prospects...$863,000"
appendix 5b is a cash flow statement - ie a summary of CASH, which goes in and out of the bank account.
maybe there is some trick, in the treatment of the matter, but watso is taking the statement at face value - and it just so happens that $863,000
GDA Price at posting:
3.2¢ Sentiment: Sell Disclosure: Not Held
