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Gold/Mining/Energy : Holmer Gold Mines
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To: lorne who wrote (682)9/9/1999 10:13:00 AM
From: Yonni  Read Replies (1) of 739
 
Lorne:

Here is the breakdown of where the money went:

Opening balance as of December 31, 1998: $1,143,600

Money spent in 1999 (6 mths till June:
Timmins Gold Project: (19,252)
Dora Francisco and Loma Hierro: (432,730)
San Fernando: (6,960)
Other Cuban properties: (4,308)
Net change in A/R, A/P: (325,701)
Net Loss: (165,258)
Total Cash spent in 1999: (954,209)

Cash left as of June 1999: 189,391
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