Re: Poundmaker
in response to
by
The former Wildcat Exploration Ltd HUB On AGORACOM
The company is now known as FUSE Cobalt.
Message: Re: Poundmaker
2
Nov 17, 2009 08:08PM
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From SKP financial:
(b) On February 27, 2009, the Company made a $100,000 cash payment pursuant to an option agreement with Wildcat Exploration Ltd. for a portion of the Poundmaker property. In addition, the Company has agreed to incur $5 million of exploration expenditures during the five-year term of the option agreement of which $500,000 is required to be spent prior to March 1, 2010. As at June 30, 2009, the Company had incurred approximately $219,075 of exploration expenditures under the option agreement. S TRIKEPOINTGOLD INC. (formerly Marum Resources Inc.) Interim Balance Sheets (unaudited) See accompanying notes to the interim financial statements. 1 June 30 2009 December 31 2008 Assets Current assets Cash $ 92,453 $ 161,002 Accounts receivable 35,345 15,708 Prepaid expenses and deposits 493 23,274 128,291 199,984 Equipment (note 3) 18,573 20,962
$146,864 $ 220,946 Liabilities Current liabilities Accounts payable and accrued liabilities $ 103,655 $ 177,443 -------------------------------------------------------------------------------- They are presently cash constrained more so than WEL from what I can see. Thus I doubt that additional work has been undertaken since this financial. So here's what i think will happen.... SKP mng and promo will blow off their stock in the .40's exercise their options and undertake a large flow through prior to year end..
Then they will have the funds in place to complete their work commitment... Maybe even a few holes, if they have identified some targets... Without information all WEL investors can do is speculate. JMHO
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