bgl - UNAUDITED Financial Statements for the Six Months Ended May 31, 2014 issued today:
--Still NOOOOOO REVENUES !!!!!!!!!!
--Still SPENDING MONEY ON ATTORNEYS and Capitalizing them as an "Exploration Cost" !!! Ooookayyy....lmao
--Still SHOWING $10,403,302 AS AN ASSET FOR CINCO MINAS & GRAN CABRERA !!!!!!!!!! Then they try to bury the note in the back (Note 9 Contingent Liabilities) stating that the Company may be required to recognize an Impairment Charge of $10,403,302 !!!
This is, without a doubt, the worst looking financial statement I have ever seen. It is tremendously scary.
This is an UNAUDITED FINANCIAL STATEMENT. I believe the Auditors will require the Company to recognize the Impairment Charge for Cinco Minas at year end.
