Hi Group..
I have read the financial statements and find some very interesting stuff..
Believe me they are looking after my money well.
Legal fees ,for instance ,for the nine month period is a paltry $40,00.00.....Considering what lawyers charge I think we are getting a hell of a deal..My Ripple bill for nine months is more than that............All the land transfers and title serches are included in that $40 K as far as I can see..so we are getting a good deal on lawyers..must have hired "My Cousin Vinnie.."..
They also state that they have not proven up any reserves yet..which they ststed they were not trying to do anyway..but to identify possible reserves..which is a different ball of wax..
The outstanding list of properties is in the financial statement..A real long list and it does my little black heart good to see what share price they issued the shares at to acquire these properties..the higher the share price the fewer shares we have to issue..non dilutionary..very good..although the issued a few in the .50-.60 range..very few..most over $2.00...
Anyway $30 mill left in the kitty at the end of Sept..
Read it all your self here..
http://www.sedar.com/DisplayCompanyD...
Have a great trading day.
Portee