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Message: Viking Gold meltdown in progress RELEVANCE to tyhee?

Viking Gold meltdown in progress RELEVANCE to tyhee?

posted on May 28, 2009 10:10AM

http://sedar.com/DisplayCompanyDocum...

Link above takes you to the financial statements filed late, on 11 May 2009, by Viking. Their cash balance after accounts payable is $60,000. Last year, with very little activity, they spent $268,000. They also have to renounce some flow through exploration credits, so by the time they have their AGM in July, they will be essentially out of cash and unable to raise funds, unable to continue.

Strangely, in 2009 the staked some claims in the Morris Lake region.

The claims they own in the YGP are 60% thiers, and 40% some other JV partner, but I think it is company insiders. If they are planning to calve off their YGP claims to any takers (potentially tyhee, as these claims are between Goodwin Lake and Ormsby), and try to survive on their morris lake claims, that may be a strategy that liberates these claims directly or by default, for consideration by Tyhee.

reminds me of that Monty Python skit "i'm not dead yet!".

But does not look like Viking will survive in present form.

SKELEG

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