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Paint job courtesy of yours truly.
Have a great weekend everyone!
He painted, lol
yes they are, I have no idea when they will release them, hopefully soon.
Looks like the reports are in hand from the fall sampling. Curious to see the results.
5. Phase Five- Subject to positive results in phase four this phase of our company’s exploration program will consist of an IP survey (Induced Polarization Survey) over anomalies identified in [color=red]the phase two airborne survey to determine drill locations for a fall 2009 drill program at a total estimated cost of $512,000 (Cdn $525,000).
great and that is what we needed.
Looks like the fall sampling was done, and the reports are in hand.
From the 10Q just out
4. Phase Four – This phase of our company’s exploration program will consist of prospecting, sampling, excavating and trenching as outlined below at a total estimated cost of approximately $146,000 (Cdn $166,000). The prospecting and sampling program portion of phase four was completed in the fall of 2009. The trenching portion of phase four is estimated at $116,000 Cdn. An assessment report on the fall 2009 program was completed and filed with the Department of Natural Resources of the Province of Newfoundland and Labrador.
5. Phase Five- Subject to positive results in phase four this phase of our company’s exploration program will consist of an IP survey (Induced Polarization Survey) over anomalies identified in the phase two airborne survey to determine drill locations for a fall 2009 drill program at a total estimated cost of $512,000 (Cdn $525,000).
Checking it out now...
Wolverine Exploration Inc.
(An Exploration Stage Company)
Balance Sheets
(Expressed in U.S. dollars)
November 30, 2009 May 31, 2009
$
(unaudited)
ASSETS
Current Assets
Cash 2,048 673
Amounts receivable 4,334 3,189
Prepaid expenses 17,927 –
Total Assets 24,309 3,862
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable 267,771 246,513
Accrued liabilities 76,707 58,855
Loans payable (Note 4) 21,000 36,000
Due to related party (Note 5) 16,812 14,915
Total Liabilities 382,290 356,283
Stockholders’ Deficit
Common stock, 200,000,000 shares authorized, $0.001 par value
68,630,000 shares issued and outstanding 68,630 68,630
Additional paid-in capital 1,030,770 1,030,770
Common stock subscribed (Note 6) 141,000 –
Deficit accumulated during the exploration stage (1,598,381 ) (1,451,821 )
Total Stockholders’ Deficit (357,981 ) (352,421 )
Total Liabilities and Stockholders’ Deficit 24,309 3,862
(The accompanying notes are an integral part of these financial statements)
F-1
--------------------------------------------------------------------------------
Wolverine Exploration Inc.
(An Exploration Stage Company)
Statements of Operations
(Expressed in U.S. dollars)
(unaudited)
Accumulated from
Three Months Three Months Six Months Six Months February 23, 2006
Ended Ended Ended Ended (Date of Inception)
November 30, November 30, November 30, November 30, to November 30,
2009 2008 2009 2008 2009
$ $ $ $ $
Revenue – – – – –
Expenses
Foreign exchange loss 3,998 – 3,771 – 12,669
General and administrative 67,680 45,976 119,990 143,911 970,099
Mineral exploration costs 22,799 – 22,799 – 267,392
Write-down of mineral property
costs – – – – 348,221
Total Expenses 94,477 45,976 146,560 143,911 1,598,381
Net Loss (94,477 ) (45,976 ) (146,560 ) (143,911 ) (1,598,381 )
Net Loss Per Share – Basic and
Diluted – – – –
Weighted Average Shares
Outstanding 68,630,000 68,630,000 68,630,000 68,630,000
(The accompanying notes are an integral part of these financial statements)
F-2
--------------------------------------------------------------------------------
Wolverine Exploration Inc.
(An Exploration Stage Company)
Statements of Cash Flows
(Expressed in U.S. dollars)
(unaudited)
Accumulated from
Six Months Six Months February 23, 2006
Ended Ended (Date of Inception)
November 30, November 30, to November 30,
2009 2008 2009
$ $ $
Operating Activities
Net loss (146,560 ) (143,911 ) (1,598,381 )
Adjustments to reconcile net loss to net cash used in operating
activities:
Write-down of mineral properties – – 348,221
Changes in operating assets and liabilities
Amounts receivable (1,145 ) 6,428 (4,334 )
Prepaid expenses and deposits (17,927 ) – 8,173
Accounts payable 21,258 17,913 259,883
Accrued liabilities 17,852 18,870 76,707
Due to related parties 1,897 75,242 24,700
Net Cash Used In Operating Activities (124,625 ) (25,458 ) (885,031 )
Investing Activities
Acquisition of mineral properties – – (321 )
Net Cash Used In Investing Activities – – (321 )
Financing Activities
Proceeds from loans payable – – 36,000
Repayment of loans payable (15,000 ) – (15,000 )
Repayment of note payable to related party – – (34,000 )
Proceeds from common stock issued or subscribed 141,000 – 912,400
Repayment of common stock subscribed – – (12,000 )
Net Cash Provided by Financing Activities 126,000 – 887,400
Effects of exchange rate changes on cash – 7,493 –
Increase (Decrease) in Cash 1,375 (17,965 ) 2,048
Cash, Beginning of Period 673 18,990 –
Cash, End of Period 2,048 1,025 2,048
Non-cash Investing and Financing Activities
Note payable to related party pursuant to mineral property vend-in
agreement – – 34,000
Refundable staking security deposits received pursuant to mineral
property vend-in agreement – – 26,100
Shares issued pursuant to mineral property vend-in agreement – – 340,000
Supplemental Disclosures
Interest paid – – –
Income taxes paid – –
10Q JUST CAME OUT ALSO.
Nice $200 bidwack. Probably just a few of the .02 idiots in here. Be nice when they're gone.
Where's bruce ? LoL!
MOVING NOW TOWARD THE UPSIDE AND LOOK FOR THE .07 TODAY.
Arca .0648 booted nite to .0649 next ask market maker is LAFC at 1.01
soon time for Tom Sawyer to paint the white picket fence
Agreed...looks like that's exactly what happened...someone cleaned em up. Excited about next week...bring on the fireworks baby
.05 - Looks like they took it down so that big order cold get in and it's going back up now.
.0435 x .0599
Congratz to all who picked up the cheepies. Hope some of us got 'em!
GLTA !!
you bet that's mine. but they filled half and upped the bid. geeze. its so difficult to get these. what happened to that 250k shares sell. how did that go?
you should have gotten a fill at the ask providing it was not an all or none order, even if the order was larger than the ask you should have got a partial. You may be down the que for what is to sell next
sometimes buys at the bid are shown as sells, I do not know what is the case here, but there was some buying at a dip last month at .02 could be a squirell looking for fresh acorns.
Was that yours for 10K?
Probably an AON order...guess you were not grouped in with the buyer. Sucks...you should be filled instantly at .055 though...just give it a minute, it should go
Doubloon, The Cork, there was a seller for 250K shares and my two orders for buy at .05 and .046 was still passed. Ive upped my .05 to the ask at .055 but i'm still waiting. Why don't I get filled instantly at the ask?
Just a matter of time here...holiday weekend...really looking forward to next week
ME TOO haha GLTY!
I wish that someone was me! LOL!
GLTA !!
Wow, what a huge transaction. AON filled for someone...congrats
someone just took a huge chunk there for the end of the week. 250k.
Couple of peeps picking up a few off the ground...very tightly held shares. BMs continuing to increase...
Haha yea only a couple asking through NITE, LAFC is the next MM at 1.01 :)
let them bid whack me now at the .041 lol
darnit i was just getting ready there also and had to answer a pm. lol
I saw the $1.01 come up on the ask for about a minute, lol.
Hey jayree good to see you here. Metals taking hit today but I don't think we see much of that finding it's way here.
Like Doubloon said, we haven't been trading long enough to have a lot of shares for sale under the ask anymore. I don't think there have been a lot of sellers yet on this one anyhow.
Tiny float means any buying pressure has a dramatic impact.
Don't know if we'll see a lot of that buying going into the 3 day weekend, as that would be counter to the "traders" philosophy. GL j.
GLTA !!
I do not even have a sell order in because of that. lol I am holding till I can not stand to see the large increase in my account buy me a new convertible for the summer. LOL then I will sell, ahlf and ride in the wind to the mine. lmao
you gotta hit the ask, there are no sellers so bid wacking does not work on this one. this company has been public for 4 weeks and noone wants to sell
Yup need more time. Past two days, I wasn't filled. But then again I was closeer to bid rather than ask. Today, maybe i'll be lucky !
It is very rare for a company to start trading this way without lots of previous holders <<<Some of you have not experienced what is about to happen at WOLV..We are going to run and run HARD in 2010..There are no bagholders to ruin the run we have comming..Hope everyone sets their sights a bit higher and time frames a bit longer..I personelly am going for 10 bags from here and it will happen sometime this year..I'm rarely wrong when I'm right..
The auditer needed to be at work and he was busy with the holidays from T/day straight through the end of the year.
LOL
We have many new readers here also doing the same.
This is the quietest increase in BM marks I have seen grwo as we have serious investors watching this story unfold.
It is very rare for a company to start trading this way without lots of previous holders and even rarer top find one in mining that slipped in under the radar.
I am holding this for the next year for sure as I move a lot of copper and mining products on my flatbed.
Just south of there in ROME ny is were they produce amny copper and Bronze products and raw stock for the US and I do know they are shipping lots of that raw copper from ElPaso now and have carried a couple loads that way from years past.
This will save a couple thousand dollars a load coming in by Ship along the St lawrence Seaway.
looks like the auditor needs a kick in the pants
because the Registrant's auditor has not completed their review of the Form 10-Q.
Haha, that's my plan.
That is good gives us more time to get more here beofre we get the fillings and well worht every buy till the Drill results.
Float is pretty dry, bid whacks are few and far between...might be able to snag a few b/c Friday but will be tough...get those bids in!
Same although we could be much higher depending on their findings!
Precisely....
Sure doesn't take much buying pressure to get it to go up. Very hard to get filled at the bid, too. No wonder folks are hitting that ask!
Nice day here with low volume. Tight float.
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