Replies to post #45378 on Mexus Gold US (MXSG)

[gitreal]

They raised a lot of money in the first half of 2022. What happened to all of it? Doesn't seem like mining costs should be much.....since there is little evidence of any mining.

I don't suppose building a barge had any connection, did it?

[T-Hawk]

And it is a HUGE red flag, because their only equipment is related to the "mining operation". And selling that much equipment may be the confirmation that the operation is no more.

Plus this little gem is in the filing too...

Asset Retirement Obligations

In accordance with accounting standards for asset retirement obligations (ASC 410), the Company records the fair value of a liability for an asset retirement obligation (ARO) when there is a legal obligation associated with the retirement of a tangible long-lived asset and the liability can be reasonably estimated. The associated asset retirement costs are supposed to be capitalized as part of the carrying amount of the related mineral properties. As of March 31, 2022 and 2021, the Company has not recorded AROs associated with legal obligations to retire any of the Company’s mineral properties as the settlement dates are not presently determinable.