Whew! Thanks for Pieces( of hjellow as in Hi in new spanish.), last week I picked AGS and EDITED it out and put in WPH. So I pick that POS holding of mine( as last NR said we can't makle it SFA yet! ), I swear I woulda come in first if that math is 60 some % from 34 to 49 cents today LOL and based on the 7 trades I saw yesterday leading to 60 cents ...I think it traded today ..soft pieces of hard metal is the investment and has legs that are stocky, small and hairy. PIECE again anyone? PIZZA the pilot plant will make PIZZA. Pizza Of S_ _ _.
Chucka AGS POS LOL IF I win this week or come in SECOND again,m I WIN: JELLO, say G_E_L_L_Au & they at AGAU have permits for like a half million in SASH near the Forts in ALTA I think also a million going vcentral ALTA, all gooed up with oil sands stuff. The other guys next to my claims in nevada last year went to SASH with 20,000 acres in permit called TREND MINING at TDRN OTCBB and well, AGS has 2 million acs permits now ip from a mill last year as Ii recall, near BMD. No comments until it is soup or gello, I guess.
Agau Resources Inc - News Release
Agau Resources loses $21,943 in third quarter
Agau Resources Inc AGS
Shares issued 12,000,551 Apr 25 2002 close $.310
Friday Apr 26 2002 News Release
Mr. Kenneth Richardson reports
CONSOLIDATED STATEMENT OF
LOSS AND DEFICIT
Three months ended Feb. 28
2002 2001
Expenses
Professional
fees $ 526 $ 3,273
Communication 1,787 1,742
Regulatory fees 2,100 1,585
Stock
transfer
fees 2,807 936
Office 2,000 599
Research and
exploration - -
Travel and
promotion 1,175 -
Repairs and
maintenance - -
Amortization 11,948 7,001
---------- ----------
(Loss) before
the following (22,343) (15,136)
Write-off
of mineral
exploration
costs - (15,908)
Interest
income 400 602
---------- ----------
(Loss) for
the period (21,943) (30,442)
Deficit at
the beginning
of period (1,176,653) (959,861)
---------- ----------
Deficit at
end of period $(1,198,596)$ (990,303)
========== ==========
CONSOLIDATED STATEMENT OF
LOSS AND DEFICIT
Nine months ended Feb. 28
2002 2001
Expenses
Professional
fees $ 1,536 $ 6,237
Communication 5,963 5,186
Regulatory fees 3,850 4,980
Stock
transfer
fees 4,736 5,385
Office 5,255 3,173
Research and
exploration - 40,802
Travel and
promotion 3,099 -
Repairs and
maintenance 300 -
Amortization 35,149 19,395
---------- ----------
(Loss) before
the following (59,888) (85,158)
Write-off
of mineral
exploration
costs - (15,908)
Interest
income 3,767 1,227
---------- ----------
(Loss) for
the period (56,121) (99,839)
Deficit at
the beginning
of period (1,142,475) (890,464)
---------- ----------
Deficit at
end of period $(1,198,596)$ (990,303)
========== ==========
Operations
Loss for the nine months ended Feb. 28, 2002, was $56,121, compared with $99,839 for the same period in 2001. All research and exploration costs were capitalized against specific properties during the current nine-month period whereas $40,802 that related to properties that were written off was expensed during the nine months of the prior year, which is the main reason for the reduced loss. Increased amortization, $35,149 to Feb. 28, 2002, compared with $19,395 in 2001, is due to additional costs of the minipilot plant and purchase of a vehicle. There was no write-off of mineral exploration costs during the current period, whereas $15,908 was written off during the same period in 2001.
Agau has not raised any financing during the current year and, while it has sufficient cash for the balance of this fiscal year, the matter will need to be addressed before the end of 2002. The additional funds will be required to meet continuing expenses, including exploration and operating costs.
Majority of the exploration and assay/extraction work during the first nine months of the current fiscal year was related to properties located in the Peace River arch area of northwestern Alberta, where Agau holds 42 metallic and industrial minerals permits. Activities during the last quarter have concentrated on laboratory assay/extraction work on samples that have been accumulated from Agau's various properties.
Developing procedures for assay/extraction of the microdisseminated metallic minerals have proven to be very time consuming and, to date, solutions that produce consistent results has been elusive. Agau is continuing with its laboratory and pilot plant work in an effort to develop assay/extraction techniques that produce consistent and verifiable results.
Related party transactions
During the nine-month period, Agau paid $22,800 (2001 -- $23,800) to an employee who is related to a major shareholder. At Feb. 28, 2002, $2,066 of this is still payable (2001 -- $8,323).
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