BLR black range minerals limited

Hi Slick, what does this mean? Not a capital raising again to...

  1. 13,675 Posts.
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    Hi Slick, what does this mean?
    Not a capital raising again to develop the ablation tech further?
    Hopefully a white knight amongst the shareholders to ensure a BLR V2 doesn't happen again.

    The Company has a working capital deficit as at September 30, 2015 of $2,263,628 and has incurred net losses
    of $440,527 and $973,025 for the three and nine months ended September 30, 2015, respectively. It expects to
    incur further losses in the development of its business.The Company will require additional financing in order
    to conduct its planned work programs on its mineral properties, meet its ongoing levels of corporate overhead
    and discharge its liabilities as they come due. These conditions indicate the existence of material uncertainties
    that cast significant doubt upon the Company's ability to continue as a going concern.
 
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Currently unlisted public company.

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