Replies to post #10668 on Brookmount Exploration Inc (BMXI)

[StockItOut]

Small gold miners do not issue dividends ('a year from now') as they're bringing a new mine into production and still developing another (exploring, expanding reserves). "It's so simple" was utter BS. Dividend a year from now not going to happen.

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Sanilex brings up an excellent point: where's the cash?

Where's the Brookmount cash that is accounted as profit?

Brookmount is yet to be paid.

Profits can't be plowed back into the company if the cash is pending receipt as "receivables."

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On May 21, BMXI has 35,000 cash and 450,000 worth of gold on the books. ... BMXI is very dry on cash.

In May 2022 Q, 1.909 million profit was reported.
In Feb 2022 Q, 1.927 million profit was reported.
In 2021 Annual, 6.65 million profit was reported.
In 2020 Annual, 5.662 million profit was reported.
In 2019 Annual, 2.794 million profit was reported.
In 2018 Annual, 1.983 million profit was reported.

On the book (May 2022) total of 23.821 million accumulated profits was reported.

It also says 11.083 million are receivables. Presumably BMXI sold the gold, and they never got paid. That receivable has been accumulating since 2018. LMAO.

That still makes the remaining 12.738 million profit in limbo. Canadian acquisition hasn't received any money yet. Talawaan project investment remained unchanged at 500k.

How did BMXI spend this 12.738 million and why's there only 35k in bank? Where did all the money go?

https://investorshub.advfn.com/secure/post_reply.aspx?message_id=169808381

Is the Indonesian government keeping all the profits? Ollquist mentioned something about working it out with Indonesian operations to take the profit to direct this cash to fund the two new North American mines. He implied the future as still needing to be worked out.

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