not really worth reading....
current liabilities are about $500,000, with about zilch in the bank. the company mentions a prospectus issue to raise $800,000. the question that needs to be asked - but will that be 800m shares at .01c, or 400m shares at .02c???.
the good news is , that for most savvy investors, this will not need much more than tossing in, an extra $10. mmm - but $10 will still buy a cheap cask of wine - which might be better value
the head honcho gets about 1/4 million dollars per year - and then an associated company gets a similar amount - anyway, but that is probably par for the course.
mmm expenditure commitments on tenements for the coming financial year are about $1.5m.
by the end of the year, the company will have to have more than 2 bn shares on issue.
not really worth reading....current liabilities are about...
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