Replies to post #37442 on Mexus Gold US (MXSG)

[1manband]

No, it isn't. Their sales revenue, even if the gold was produced at no cost, isn't anywhere close to even meet their current expenses, much less the unpaid current obligations from prior periods. Mexus costs about $5-600K per QUARTER to operate, and that is before interest and debt payments. That amount requires CASH, which is why Mexus has taken out so many toxic death spiral loans.

If they want to keep the company alive, the cash will logically need to go to meeting their current obligations, not debt that can be settled in shares. Salaries, fuel and processing costs are not free.

[Thess]

You really think PT is going to use his hard earned cash to pay off the convertibles coming up. LOL!! Absolutely no way he is going to do this. Why use money when you can use shares. Anyone who has been here for awhile would have to agree. If not then you have not gotten to know the CEO. He may set up buyers again to cushion the PPS drop. Again, He will not use cash to pay off upcoming convertibles. If he even has sold 100 ounces of gold. After a year of producing gold and only 16.5 ounces registered with the SEC we have to wonder. I would like to believe he has sold this 100 ounces. We will see. Best regards. Did not proofread excuse the errors.