Replies to post #1998 on BrightRock Gold Corp (BRGC)

[prokopton]

Have a look at the "paid in capital" line item again.

Paid in Capital $15,014,988

Shareholders' Equity $15,705,914

If nothing has changed since that the Sept. quarter, then GGCO is selling at about 25% of book value. I'm pretty sure numbers have changed since then.

Paid in capital (Paid-in capital or Contributed capital) refers to capital contributed to a corporation by investors through purchase of stock from the corporation (primary market) (not through purchase of stock in the open market from other stockholders (secondary market)).

http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=95839

[prokopton]

I'm referring to the balance sheet and you're referring to the cash flow statement and income statement. However,

"I just dont see where they have cash avaailable? If they do can you point it out?"

Look again. The "cash" available is listed on the right hand side the "cash" line item that you copied and pasted. Go through each line and you'll see it.

Cash $1,148

Also,

Capitalized investment, mining $13,174,727

This indicates they spent a lot of money to go into production. Of the $15 million they raised, $13.2 million was used for that purpose, according to the filing.