In reading 2010 financial report noticed the auditor's opinion below:
"Without qualifying our opinion, we draw attention to Note 1(a) in the financial report, where the company will have to seek additional funding in order to progress exploitation of its exploration assets. If the company is unable to obtain additional funding it may indicate the existence of a material uncertainty which may cast significant doubt on the companys ability to continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business at the values stated in this financial report."
Do we therefore anticipate an imminent Capital Raising? And if so, in light of 3.8M cash balance at June, 3M cash balance at Sep per quarterly activities report and ramp up of exploration activities, when?
Have only held this stock for a few weeks but am enjoying the ride so far!
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