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There is a lot of Great Things in the making of a great company.
$MNXXF Keep your eye on the prize! Don't let anyone try and take away the truth.
in post #2016 it is stated
Very Soon $MNXXF will be off the OTC and on its way to the Big Boards.
NYSE Listing Requirements
For a company to be listed and trade on the NYSE, it must be public and meet strict financial and structural standards.
To list on the NYSE, a company needs to have at least 400 shareholders and 1.1 million shares outstanding. Its share price must be a minimum of $4.00, and the market value of its publicly held shares must be at least $40 million—or $100 million for transfers and certain other listings.
In addition, the company must be profitable, earning at least $10 million over the past three years.
A lot of roadblocks to be listed soon on the big board
https://www.forbes.com/advisor/investing/nyse-new-york-stock-exchange/
Giddy Up Clandestino 3-Card
It is just a lease on mineral rights that have proven to be uneconomical and NOT financially feasible to advance any mining activity
and certainly not with 2,800,000 Mexican Pesos in the bank
PEA states the mineral RIGHTS are NOT ECONOMICALLY viable to convert to mineral RESOURCES
It doesn't appear Clandestino Kepman understands that
Giddy Up Burn Baby Burn (that cash) Kepman
Thanks for your mining with $MNXXF
Manganese X has the Largest Active Manganese Mine in All of North America.
It is ready to start mining and the results of the PEA 43 101 are all positive!
That's the Fact Jack!
Mining Association of Canada (MAC) by their definition
MNXXF is NOT AN ACTIVE-MINE
Since 1935, the Mining Association of Canada (MAC) has been the national voice of the Canadian mining industry.
Kepman probably HAS NEVER HEARD of the MAC!!!
And knows even less about the requirements of being listed on the big boards
The only dirt being moved here
is if CEO (Cheat Every One) Kepman goes into his backyard and kicks a little dirt
GIDDY UP Clandestino 3-Card Kepman
Manganese X is the Largest Active Manganese Mine in all of North America.
Very Soon $MNXXF will be off the OTC and on its way to the Big Boards.
That's the fact Jack!
It is probably lower than $2,800,000...unless that is Mexican Pesos
as these things tend to accelerate in a downward spiral like this FUGAZI
and especially with CEO (Cheat Every One) Kepman's foot on the gas pedal
Giddy Up Burn Baby Burn ( that cash) Kepman
Minion as by definition is either a yes man, an irrelevant person, or a child’s cartoon caricature with nervous laughter
https://www.vocabulary.com/dictionary/minion
All 3 are very fitting to post on a board about a FUGAZI led by a guy (FUGAZI) with NO verifiable work history
check out his namesake website at
http://kepman.com/
in 4-plus decades of work experience, there is no mention of any company
small company's value is predicated on its leader's Success here
there is NO verifiable success behind CEO (Cheat Every One) Kepman!!!
Giddy Up Clandestino 3-Card Kepman
that was months ago Now it is closer to 2,800,000 why not call your boss the CEO and verify/ other wise it'll be NOV or December before the next report. The current report is already late the one he gave was for March We need the June one.
I finally get it now...it hit me.
The light bulb went on in my head
Earlier when you said Kepman was number one
I didn't realize it
But it is fill in the blank after "number one
FUGAZI
That is the word that follows "number one"
Giddy up FUGAZI Kepman
yes but time is getting very short for this to get there. We are approaching a bradley and Phi mate cluster of 8 begiing today. Also a fan chart I watch usuall has different termination points. Now in the industrials S&P they converge. Looks like 3400 area S&P 4275 area with a termination date of the 15th so any time between now and then the major hit those could very well be the top here as well. This has no news and burning cash. If the majors crack the ability of this to sell new shares will be greatly diminished given the drilling report. It does not have any where near sufficent cash to comence an open pit even if it had the permits. I haven't seen any report of a permit to beging extraction have you?
Yes indeed I AM being (somewhat) sarcastic.....
But as long as it remains above .30 Canadian I think it's fairly "safe".
Never have I shorted a Cadadian junior - Don't even know if it's poss.
I hold a super-small (skeptical) position (under $1000 bucks worth!) which entered in March ! at .365
Chart's super-flat lining - It needs to hit .36 in order to get up thru .40
At which point the .55 would become a Magnet
you are being sarcastic I presume. I have seen you on other boards and you have always been deep into DD, and charts. Are you looking to short this?
Chartists and Technicians are ONLY about charts
Your previous posts reference TECHNICAL ANALYSIS
Yet you are making it about a PERSON!!! by chanting Kepman
Technical Analysis removes the person
more circular logic
It is Supply vs Demand!!!
Giddy Up Clandestino 3-Card Kepman!!! Toss those overripe Chiquitas and grab more lipstick SOOHEY!!!
Refer to your earlier post #1449
Guy IS pretty lame - I certainly admit.
Hardly inspires confidence.
Jan. 21 2021
More circular logic
Giddy Up CEO (Cheat Every One) Kepman
Go Kepman Go !.....
Go Kepman Go !.....
Kepman you are Number ONE !
Go Kepman Go !.....
/
Look at the publicly filed (FINALLY) Financials..WOWSER
look at post #1981 - the OBJECTIVE math was done
This FUGAZI has had a MONTHLY CASH BURN RATE of +$170,000 on average of the last 18 months
with that trend in place
in 6-months there will NOT be enough cash to open a lemonade stand
Everyone needs to do their own due diligence...use their filed numbers
It is NOT a pretty picture...Loreal doesn't have enough lipstick for this pig
SOOHEY Clandestino 3-Card CEO (Cheat Every One) Kepman
Last week when going down...this FUGAZI was a long-term investment
Now a couple of up days
It is about to make it a big way soon
Sounds a lot like the circular logic put forth by the FUGAZI CEO (Cheat Every One) Kepman
Giddy Up Clandestino 3-Card Kepman...alias Burn Baby Burn (that cash) Kepman
His theme song - probably used disco to it...now he burns cash to it
The facts is the price is going up because the investors all know the truth that this company and its is about to make it happen in a very big way.
Lots of forward progress in the making! Stay tuned the best is yet to come!
$MNXXF
That's a Fact Jack!
yes they are pushing up the price so they hope to be able to do an IPO. Working capital in March was 3.5 million with a current cash burn rate over $170,000 per month. Doesn't leave enough to beging digiing earth in hope to appear as an actual mine.
Lots of luck on that sale. The study showed it was not an economicaly profitable property. Thats what was stated in the report go read it. jmo based up on my DD
Thank you and same to all...even those with opposite views
have a good weekend I take it you'll be on the beach or on a board.
Bet you get lots of great sea food.
Being forthright and transparent is NOT in his DNA
Hence the earned monikers he has
[color=red]Giddy up Clandestino CEO (Cheat Every One) Kepman[/color]
It sure looks like he held off with the finacnials as long as he could. But aren't they to also post a six month not just a yearly. Most firms post 1/4ly. If he was doing 1/4ly he'd also be late with those.
It sure looks like he held off with the finacnials as long as he could. But aren't they to also post a six month not just a yearly. Most firms post 1/4ly. If he was doing 1/4ly he'd also be late with those.
I pull numbers from the company's published financials
plug into my calculator
then I post what the numbers are
and
WOWSER
the PRIVATE email attacks on me personally are so infantile
like Jack Nicholson said in "A Few Good Men"
You want the truth...you want the truth???
YOU CAN'T HANDLE THE TRUTH
if a person can't handle the real numbers
they should NOT be in stocks
Giddy Up THE TRUTH HURTS Clandestino 3-Card Kepman
This FUGAZI company is as fictional as the character in the Youtube video you constantly refer to
Both are just FICTION!!!
One is for comic relief
the other to relieve investors of their $$$s
there will NEVER be any extraction of Manganese here!!!
The only thing to be EXTRACTED is the money from people that don't do OBJECTIVE due diligence...
Kepman have NO verifiable past
Giddy up Clandestino 3-card Kepman!!!
It appears that everything is in order!
$MNXXF That's a fact Jack! and all the Voice in the back ground are true shareholders.
Published Financial Numbers don't lie
if they do...
that is a FINE and or Jail Time
NOTHING GREAT about 3-card Clandestino Kepman's performance of over the previous 6 years
WOWSER
Look at the stock price --- the tape tells it all
Giddy UP Old 3-Card and toss those old overripe Chiquitas!!!!
Fact is Manganese X $MNXXF is a great company on the verge of making it great!
Zero Dilution!
Low Float!
Larges Manganese Mine in North America!
Audited Financials!
$MNXXF
Top of page 5 at the link below:
https://www.otcmarkets.com/otcapi/company/financial-report/340830/content
these are the numbers used to calculate the burn rate
when published like this
the numbers can't be moved around like they can in a "Clandestine Phone Call"
Giddy Up CEO (Cheat Every One) Kepman!!!
Google the company Wasserman Ramsay
2nd item to come up is their fraudulent activity
it says been resolved
Why hasn't Wasserman Ramsay worked on getting that FRAUD CHARGE removed from the search engines?
That's easy to do...there are companies that do that
Giddy Up Clandestino Kepman!!!!
The suggested burn rate is false!
Read the current audited financial report.
Cash Burn Rate is calculated in post #1981
The calculations are straight from Clandestino Kepman's published numbers
WOWSER
Step aside David Copperfield
MNXXF is the real magic of making $CASH$ disappear
Giddy Up 3-Card Kepman!!!
It's been audited and the financial are accurate.
Fact is the cash burn rate that has been suggested is completely false!
That's a Fact Jack!
Wasserman Ramsay Chartered Accountants Fraud!!!
NOT MAKING THIS UP...but these are 3-Card Kepman's accountants
Are they his cousins or his buddies????
WOWSER - Link below
Wasserman Ramsay CA failed to undertake essential due diligence on a TSX-listed audit client that received $341, 644 in Ontario Taxpayer money.
https://www.complaintsboard.com/wasserman-ramsay-wasserman-ramsay-chartered-accountants-fraud-c500350
Giddy Up CEO (Cheat Every One) Kepman!!!
These numbers were for 6 months ago
The rate CEO (Cheat Every One) Kepman burns the cash
at an average of $170,940.41 per month
times 6 months
= $1,022,042.46 burned since these numbers were accurate
so as of today based on these extrapolations
there’s only $2,489,156 cash in the bank as of today
Below are the calculations based on their numbers as of 6 months ago
March 31, 2021 - $5,562,483
March 31, 2022 - $3,511,198
For 12 months cash burned = $2,051,285
$2,051,285 / 12 months = $170,940.41 per month (cash burn rate)
based on a 20-day work month
$170,940.41 / 20 days = $8,547.02 per day cash burned
Giddy up 3-Card Clandestino Kepman and keep an extinguisher handy burning that cash WILL flame up on YOU eventually!!!
right the way CEO is spendin $$'s there is no way the cash is accurate.
Even if it was they don't have enough to comence diigging on a property whci the report said was not economical. There is no sense in them getting a permit it would be a waste of time.
Fully Audited Financials.
I suggest to anyone who is genuinely interested in $MNXXF to do your own DD!
$MNXXF
Yes, it is unaudited...NO auditor would sign off on Clandestino Kepman's handy work
A FUGAZI entity led by a FUGAZI person
Burn Baby Burn that Cash ~~~ CEO (Cheat Every One) Kepman
I bet old 3-Card Kepman used to dance to this...now he burns cash with it playing
Total Current Assets $3,934,563.00
$MNXXF
$3,500,000.00 Cash in the Bank!
$MNXXF
MANGANESE X ENERGY CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED MARCH 31, 2022 AND 2021
(Audited, expressed in Canadian dollars)
3. BASIS OF PRESENTATION
Statement of compliance
These consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and effective as of March 31, 2022.
In the opinion of management, all adjustments considered necessary for fair presentation have been included in these financial statements. These consolidated financial statements of the Company have been prepared using historical costs and fair values of certain items. Items measured at fair value include cash held in foreign currencies, warrants, and share based payments. Certain comparative figures have been reclassified to conform to the current year's presentation.
Basis of consolidation
During the current year the Company’s former 100% owned subsidiary 7712898 Canada Inc. was continued in the Province of British Columbia under the new name 1296555 B.C. Ltd. Subsequently, on November 3, 2021, it was
amalgamated with the Company under the name Manganese X Energy Corp. The subsidiaries are fully consolidated from the date of acquisition and continue to be consolidated until the date control over the subsidiary’s ceases.
The annual consolidated financial statements of the Company include the accounts of its 100% wholly owned subsidiaries Disruptive Battery Corp. and, until August 2021, Graphano Energy Ltd (“Graphano”), all located in Canada. All significant inter-company transactions and balances have been eliminated upon consolidation.
Graphano was spun-out out to MN’s shareholders (see Note 10) on August 24, 2021 and as such has been de-consolidated. The net investment in Graphano, pursuant to the Company’s policy of writing off mining properties and related expenditures, was a nominal amount and therefore not disclosed separately.
Investments subject to significant influence
Investments over which the Company exercises significant influence are accounted for using the equity method. The equity method is a basis of accounting for investments whereby the investment is initially recorded at cost, the carrying value adjusted thereafter to include the investor’s pro rata share of post-acquisition earnings of the investee, as computed by the consolidation method. Profit distributions receivable from an investee reduce the carrying value of the investment. There are no investments in this category presently.
Foreign operations
Assets and liabilities of foreign operations whose functional currency is other than the Canadian dollar are translated into Canadian dollars using exchange rates in effect at period-end. Revenues and expenses, as well as cash flows, are translated using the average exchange rates for the period. Translation gains or losses are recognized in other comprehensive income (“OCI”). This applies primarily to the DBC subsidiary and its joint venture.
Functional and presentation currency
These consolidated financial statements are presented in Canadian dollars, which is Company’s functional currency.
Financial assets
Financial assets are classified as either financial assets at fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”) or amortized cost. The Company determines the classification of financial assets at initial recognition.
To find all the latest disclosure visit the follow url
https://www.otcmarkets.com/stock/MNXXF/disclosure
$MNXXF
MANGANESE X ENERGY CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED MARCH 31, 2022 AND 2021
(Audited, expressed in Canadian dollars)
1. GENERAL INFORMATION
Manganese X Energy Corp. ("Manganese", “MN” or the "Company") was incorporated as a private company by Certificate of Incorporation issued pursuant to the provisions of the British Columbia Business Corporation Act on December 4, 2007. On December 3, 2010, the Company changed its name from Numine to Sunset Cove Mining Inc. On December 1, 2016, the Company changed its name from Sunset Cove Mining Inc. to Manganese X Energy Corp. The principal activities of Manganese and its subsidiaries are to acquire and advance high potential mining prospects located in North America with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries.
The Company’s shares are listed under the symbol MN on the TSX Venture Exchange (the “Exchange”) and 9SC2 on the Frankfurt Exchange and MNXXF on the Over-the-Counter market in the United States. The registered office of the Company is located at 145 Graveline, Saint-Laurent, Quebec, Canada and it maintains a place of business at 120 Carlton St. Suite 219 in Toronto.
These consolidated financial statements were approved and authorized for issuance by the Board of Directors of
the Company on July 27, 2022.
2. GOING CONCERN DISCLOSURE
The business of mining exploration involves a high degree of risk and there can be no assurance that current exploration programs will result in profitable mining operations. The recoverability of the carrying value of exploration properties and the Company's continued existence is dependent upon the preservation of its interest in the underlying properties, the discovery of economically recoverable reserves, the achievement of profitable operations, or the ability to raise alternative financing, if necessary, or alternatively upon the Company's ability to dispose of its
interests on an advantageous basis. Changes in future conditions could require material write-downs of the carrying values. Although the Company has taken steps to verify title to the properties on which it is conducting exploration and has an interest, in accordance with industry standards for the current stage of exploration of such properties, these procedures do not guarantee the Company's title. Property title may be subject to unregistered prior agreements, aboriginal claims and non-compliance with regulatory requirements.
The ability of the Company to continue as a going concern (as is assumed in the presentation of these statements) is uncertain and is dependent upon its ability to fund its working capital, complete the development of its explorations, and eventually to generate positive cash flows from operations. Management plans to explore strategic alternatives, including joint ventures, debt and equity financings, and merger opportunities.
Several adverse conditions and events cast substantial doubt upon the validity of this assumption. Manganese is not currently generating any revenue from its operations. For the year ended March 31, 2022, the Company recorded a net comprehensive loss of $4,274,412 (March 31, 2021 – $4,880,829) and had an accumulated deficit of $22,307,730 (March 31, 2021 - $18,033,317) but a positive shareholders’ equity of $3,926,131 and cash of $3,511,198. While the “Going concern uncertainty” may still be justified in the longer term, the Company presently
is in sound financial condition to maintain its operations for the next 18 months and beyond.
These consolidated financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary were the going concern
assumption inappropriate, and these adjustments could be material.
More information on the next post
$MNXXF
MANGANESE X ENERGY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED MARCH 31, 2022 AND 2021
(Audited, expressed in Canadian dollars)
For the year ended, March 31, 2022 March 31, 2021
Cash used in operating activities
Net loss for the period (4,274,412) (4,880,829)
Adjustments for items not involving cash:
Stock based compensation 2,416,618 1,612,690
Amortisation 15,000 15,000
Provision for loss on investment - 458,188
Profit on sale of property (note 10) (1) 12,000
Changes in non-cash working capital items:
Receivables and other 80,034 (159,392)
Prepaid expenses (219,567) (84,636)
Accounts payable and accrued liabilities (115,082) 114,713
(2,097,410) (2,912,266)
Cash used in investing activities
Recovered from litigation re: MSOG - 41,812
- 41,812
Cash flows from financing activities
Proceeds from issue of shares (net) - 5,120,462
Warrants exercised 46,125 2,342,338
Options exercised - 435,600
46,125 7,898,400
Increase (decrease) in cash and cash equivalents (2,051,285) 5,027,946
Cash and cash equivalents, beginning of the period 5,562,483 534,537
Cash and cash equivalents, end of the period 3,511,198 5,562,483
Non-cash financing and investments activities :
Common shares issued for acquisition of patent - 150,000
More on next Post
$MNXXF
MANGANESE X ENERGY CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
FOR THE YEAR ENDED MARCH 31, 2022 AND 2021
(Audited, expressed in Canadian dollars)
For the year ended March 31, 2022 2021
Revenues
Cash Expenses
Exploration expenses (note 10) 813,490 798,834
Research cost 73,859 66,555
Other operating expenses 110,933 315,389
Management fees 238,545 151,333
Professional and consulting fees 197,744 1,201,667
Printing, Postage and mailing expense re: Plan of Arrangement 174,539 706
Advertising and marketing 227,432 253,879
Foreign exchange loss 6,253 6,588
1,842,795 2,794,951
Non-cash Expenses/(income)
Stock-based compensation- Non-Cash (note 12) 2,416,618 1,612,690
Amortization 15,000 15,000
Provision for loss on investment (note 8) - 458,188
Profit on sale of property (note 10) (1) -
2,431,617 2,085,878
Net loss and comprehensive loss 4,274,412 4,880,829
Loss per share - basic & diluted 0.034 0.053
Weighted average number of shares outstanding 124,514,219 92,428,998
More on next post
$MNXXF
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* Manganese demand will rise
* As it is increasingly picked for use in the rechargeable batteries used to power
* Consumer electronics,
* Electric and hybrid Electric vehicles
* Battery systems that store electricity harvested from clean energy produced by solar, wind and tidal systems.
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