Thanks. Yeah the financials will be horrible but being current will aid them to sell stock, interest investors.
Then put out an exploration plan on the Kirkland Lake property from a reputable geologist , raise some dough, stock will go up in anticipation of drilling.
Then if ACRL hits a rich dill gold (there's platinum around there too, might hit some) intersection the stock takes off v not to a penny more like 5 pennies or so. If the drill does not hit, which is more likely in any explorative mineral drilling program anywhere , rinse and repeat till you hit on the Kirkland property or another one.
Not nuclear science.
Glenn from his oilfield experience along competent mineral geologist would be a good manager.
Mines are made, not discovered.
Problem is there isn't enough available room in the authorised to go a proper financing. It makes shareholders comfortable because they can't get diluted but limits financing options.
Joint Venture. Junior mineral exploration is a tough game. If Arnold's property was that great it would have been taken over by Macassa, Kirkland Gold 20 years ago. It wasn't.
That doesn't mean there isn't gold at the ACRL property they just have to find some gold first to interest the strong JV partner. Talking about a lost 1930's core makes you look unprofessional.
ACRL has to put out the financials out ASAP and them figure out the financing problem and the stock could go higher.
All of my post is , of course, only my opinion.
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