IKN

Hereditary sloth instructs me

So what’s your favourite part of the latest Mercer Gold (MRGP.ob) quarterly report, Otto?

Ooooh, probably this bit, all things considered:

Based on our current plan of operations as set forth above, we estimate that we will require approximately $1,000,000 to pursue our plan of operations over the next twelve months if we complete Phase I only, but approximately $2,000,000 over the next twelve months if we also proceed to Phase II during that time frame. As at November 30, 2010, we had cash and cash equivalents of $87,597 and a working capital deficiency of $186,987. However, we may require additional financing to pursue our plan of operations over the next twelve months. There can be no assurance that we will obtain any additional financing in the amounts required or on terms favorable to us. If we are unable to obtain additional financing, we may have to re-evaluate or abandon our business activities and revise our plan of operations.
We anticipate that additional funding will be in the form of equity financing from the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our plan of operations going forward. In the absence of such financing, our business plan will fail. Even if we are successful in obtaining equity financing, there is no assurance that we will obtain the funding necessary to pursue our business plan. If we do not continue to obtain additional financing going forward, we will be forced to re-evaluate or abandon our plan of operations.

Y’see, you guys out there can read all the soft soap bullshit on junior miners you want, cos there’s plenty of that about thanks to the paid pump scene, idiotic bullboard posts and über-massaged corporate presentations. Personally, I like regulatory filings as my DD reading matter. And while we’re at it, let’s see how this scam fronted for stock fraudster Brent Pierce is doing in the markets, shall we?
Hmmm, all that and dilution to come, too. Just not happening, is it Rahim? Our  mucker Jivraj is doing his reputation wonders for the future. Lie with dogs get fleas, my man….

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