The company accepted Flow Through Share funds from Canadian investors.
These were sold at a loss by those investors on the basis that the loss will be reinvested by the Company for exploration to add value to the Canadian economy.
This moves onto the companies balance sheet as a liability.
Otherwise you will be hit up to fulfil some of the tax obligations.
That is as simple as an explanation as I can put it for YOU. It is a little more complexed but I am not sure you have the ability to absorb.
ITS MORE COMPLEXED BUT YOU KNOW THAT.
It is very clearly noted on the companies balance sheet. IT IS A LIABILITY. Non current was around $4m, that has likely moved to current.
Feel free to correct me.
The fact you were slagging off LRS so much the last 18 months (Emperor from Star Wars Laugh).
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