Having read Tomb Tigers posts yesterday I looked at GLN's announcements and there it is " As at the 30 June 2005 the company had cash of $2.5 million." In it's Quarterly Financials they then state that $1.056 million of this is an Enviromental Performace Bond.Well we all know that, that cannot be touched or used for any other purpose than to reinstate the mine site.Yes it is an asset just as are the tenements..It is not cash! I believe those responsible have a Duty of Care to its share holders not to create impressions. Interestingly the Directors shares came out of eskrow today.
credibility
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