Santa Fe Gold Corp. (fka SFEG)

[MoeHoward]

Page 38: "We have a total accumulated deficit of $93,478,670 at June 30, 2019."

Yes, the Financials came out and they are even worse than expected. The positive revenue for 2019 was due to forgiveness of $12M in debt. Riddled throughout, they have several long litigations against them with massive accruing interest.

Page 27: "The mined high silica vein rock is being stockpiled and will be sent as a trial shipment to a nearby smelter pending the aggregation of 500 tons."

They stated in December they were shipping 1500 tons as a trial per month increasing to 2,000 per month. Also scattered throughout, they state they do not have a mining permit and are not even mining.


How much more ridiculous can this get?

-$4M in workign capital. That's right, a negative $4M in working capital and no plans to get more capital to be operational and no method to get capital funding. How are you going to be a mining company?