Sunday, March 17, 2013 6:06:37 AM
Assets increased by approximately 1M
Liabilities increased by approximately 18M
Shares increased by approximately 217M
And on top of all that they have been using loan sharks for financing
http://www.firerivergold.com/i/pdf/FAU042312.pdf
“The Credit Facility may be repaid, at Waterton’s
option,
in either cash or ounces of gold at 78% of the then prevailing gold price.”
Wow that looks like a winning recipe? NOT
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