Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: GNH finance update


Perhaps as a bit of an addendum to my previous rumination, fwiw, I received a response from Sasha at GNH with an update on the current financial picture.

Here is his response quoted below:


"As at June 30, 2013 the Company¹s cash and cash equivalents were
$54,506." and;
"On July 10, 2013, the Company received $143,127 from the Quebec
government in mining tax credits that were not previously recorded due to uncertainty regarding their collectability."

So we are at about $200,000 in the bank and spending very little."

As I cannot suppress my frown, it seems not much drilling can be done with less than $200K, obviously.

And as I have suggested before, the next move GNH management makes has to be the right one or it will most likely be the last...

Comments or feedback anyone?

-Dragon50

Share
New Message
Please login to post a reply