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Saskatchewan's SECRET Gold Mining Development.

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via Wikipedia - Swaps

Question: Does the company sell doré bars in an effort to raise cash?

No. They raise cash through a SWAP agreement OTC.

They can swap hundreds of millions in gold bars for cash and not report it on the balance sheet. Legally. Really, there are NO LAWS governing swap agreements. In fact, the balance sheet is used to confound with GBN.V.

Once you understand this one fact, everything else falls into place.

https://en.m.wikipedia.org/wiki/Swap_(finance)

So we have:

Undeclared operations

Legally administered "facts" that satisfy the regulatory requirement are a complete departure from reality.

Partial truths in grades and reported spending. Ex: 'I completed painting the entire house by painting this one small strip of the wall in glaring, bright orange'

Some of the numbers have to be correct in audited reports.

No visible source of funds, such as borrowing or raising capital, yet hundreds of millions in spending.

Forward-looking liabilities that accrue.

Asset-liability mismatch.

-F6


Sep 26, 2015 07:20AM

Sep 28, 2015 06:36PM
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