If AJN gave 60% of their new formed company to the DRC Government, there can't have been much left after filling the brown paper bags.
AJN in reality is nothing more than a shelf company.
This is in their
AJN RESOURCES INC.
Management’s Discussion & Analysis For the three and nine months ended April 30, 2022 and 2021
The Company incurred a
net loss of $934,478 during the nine months ended April 30, 2022 (2021 - $740,743), had working capital deficiency as at April 30, 2022 of $418,091 (July 31, 2021 - working capital of $1,512,983), and
had an accumulated deficit as at April 30, 2022 of $5,156,146 (July 31, 2021 - $4,221,668).
Further, the Company has no source of operating cash flows, and there is no assurance that sufficient funding (including adequate financing) will be available to conduct required exploration and development of its mineral property projects.
These factors indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern.
The application of the going concern concept is dependent upon the Company’s ability to generate future profitable operations and receive continued financial support from its creditors and shareholders.
The interim financial statements do not give effect to any adjustments that might be required should the Company be unable to continue as a going concern and such adjustments could be material.
So.... who is going to pay for exploration of the northern section of 13359?
Dathomir, Cong, Eckhoff, Cominière, or Zijin?
AJN has just enough money to pay for Eckhof's expenses.
I mean he is not going to pay himself for his return trip Monaco - Manono via Vancouver.
They coloured the application for their new concession red, does that mean it is a red herring?
Anyhow, his is the mob which has taken over 50% of the 100% AVZ fringe exploration leases to 13359.
CEMIC...
Contact us!
PRESENTATION
- WELCOME
- WHO ARE WE? / PRESENTATION
PRESENTATION
CONGO ENVIRONMENT AND MINING CONSULTING, in acronym CEMIC Sarl, is a limited liability company under Congolese law created on May 10, 2004 in the Democratic Republic of Congo. CEMIC Sarl is approved by the Ministry of Mines on decision opinion n°04/DPEM/2005, of 05/04/2005.
CEMIC SARL is a mining agent but also a design office specializing in the environmental field for the development and the evaluation of Environmental Plans for mining and petroleum projects. It has established its notoriety in the following studies:
- Environmental assessment and environmental audit,
- Assessment and development of Mitigation and Rehabilitation Plans, Environmental Management Plans for the project and Environmental Adjustment Plans,
- Environmental Impact Studies and studies of natural risks of geological origin (assessment natural hazards, site pollution),
- And site development (post-mining management, depollution and rehabilitation studies of disaster sites) as well as in the geological field (civil engineering geology and engineering geology).
- Mining exploration and preparation of feasibility studies.
CEMIC Sarl has woven in ten years of existence a network of first-rate relations in the Democratic Republic of Congo, making it an essential partner thanks to the skills of specialists who are Congolese and foreign experts and consultants in various fields related with the protection of the mining and petroleum environment with a long experience in this field, particularly in environmental sciences and other related subjects, earth sciences and technology.
CONTACT US
- Lubumbashi, 20th Pylon, Kinsevere Road
City of Lubumbashi/ Annex Commune
- +243 817 153 338
- bertin.k@cemic-drc.com
CEMIC - CONGO ENVIRONMENT AND MINING CONSULTING
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