Wednesday, July 23, 2014 1:24:09 PM
Revenues may have increased, but no profit from the their gold operations. Hence the debt grows. Their copper numbers are a screwy shell game. They may be losing less money this year, but they're still losing. Asher may be gone, but they depend on loans from SC Capital to keep going. Shares get converted and dumped.
GYST: Our operations generated a net loss of $8,115,017 from inception (March 27, 2010) through the Three Months Ending March 31, 2014.
It's all here
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=121069
Currently, the Company loses approximately $5,000 - $10,000 per month related to its mining operations in Peru and Suriname.
The Company expects that its current revenue will allow us to satisfy our current operations for the next twelve months. However, if our revenue decreases we may not able to support our current operations and reporting obligations without obtaining additional funds. We believe our currently available capital resources will allows us to begin operations within our natural resource division and maintain its operation over the course of the next 12 months; however, our other expansion plans would be put on hold until we could raise sufficient capital.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
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