IKN

More matter with less art

Colossus (CSI.to) 3q13 MD&A: The bit that counts

Right here:

The Company has historically relied on financing to fund the exploration and development of the Serra Pelada Mine. The Company will need additional capital in 2013 or 2014 to fund the completion of the development and the ramp-up of production and to meet existing obligations of the Serra Pelada Mine. The Company is currently investigating this financing and alternatives to strengthen its balance sheet to have further flexibility should other unforeseen circumstances or production delays occur. 
The rest is noise.

UPDATE: Oh yeah, there’s also this from the NR:

Mr. Mel Leiderman, Mr. David Garofalo and Mr. Claudio Mancuso have resigned from the board of directors.

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