RKS,
I am not an accountant.
However, SCX is a dog IMO.
The 5% ownership in the Bigryl Project is what is keeping them alive.
They have further diluted shares through capital raising and will probably continue to do that until one day someone offers to buy their 5% stake.
Ganke gets $75k as the Director plus $5k as Chairman.
Their is also the $60k Fee to Brilliant Home Management of which Ganke is the Director.
The $357K as a property investment which has been brought into the accounts. (Shady wroitten all over it)
The $715k Revenue looks nothing more than a paper transfer of the property value.
There is also the $333,617 Loan.
Seriously, I have traded this company a couple of times.
However, IMO it is being milked.
No Website - Ganke owns the show and runs it for him.
- Too many unrelated expenses going back towards him.
- This property thing looks like a sham.
They are still looking at some exploration and probably will be for the next 25 years without contributing anything.
Thats my opinion for what its worth.
Don't worry, they have no intention of going broke.
Ganke is on too much of a good wicket whilst investors are interested in anything uranium.
Bigryl Mine is the real deal. However, SCX has that 5% stake as i would say they have no intentions of letting go.
If you want value, buy EME.
Cheers markco2
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