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Jack_Herer

08/26/20 2:58 PM

#3218 RE: ElfeatoGrig #3217

You might want to refer to their SEC filings, which take precedence over what they show on their website, which is not usually scrutinized by the regulators...


From the July 08, 2020 8-K:

We intend to renew and develop our three concessions in Ghana for their gold and diamond potential, and to explore the market for other viable assets. All three licences have expired and require an estimated USD $100’000. to renew. We are currently in discussions with with prospective equity investors to finance the renewal costs, however no agreement has been secured. Nevertheless, in order to secure necessary financing, we will be required to increase our authorized capital.

If you think this expired (vacant) ground will sit vacant for long now that Au is > $1,900, you're sadly mistaken.

Nice try Elf.