finlay minerals ltd (FYL) Snapshot

Finlay Minerals Ltd. filed its Annual on Apr 25, 2013 for the period ending Dec 31, 2012. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Finlay Minerals Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported loss before other item of CAD 274,746 compared to CAD 42,563 for the same period a year ago. Loss before tax was CAD 274,484 compared to CAD 40,856 for the same period a year ago. Net loss and comprehensive loss for the period was CAD 264,911 compared to CAD 94,999 for the same period a year ago. Cash used for operating activities was CAD 41,696 compared to CAD 24,987 for the same period a year ago. Mineral property costs CAD 2,506 against CAD 380,472 a year ago. For the six months, the company reported loss before other item of CAD 301,869 compared to CAD 69,742 for the same period a year ago. Loss before tax was CAD 301,498 compared to CAD 66,888 for the same period a year ago. Net loss and comprehensive loss for the period was CAD 283,909 compared to net income and comprehensive income of CAD 70,912 for the same period a year ago. Cash used for operating activities was CAD 47,821 compared to CAD 200,849 for the same period a year ago. Mineral property costs CAD 37,196 against CAD 495,901 a year ago.

Finlay Minerals Ltd. reported unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported loss before tax of CAD 27,014 compared to CAD 26,032 a year ago. Net loss and comprehensive loss was CAD 18,998 or CAD 0.00 per basic and diluted share compared to net income and comprehensive income of CAD 165,911 or CAD 0.00 per basic and diluted share a year ago. Cash used for operating activities was CAD 6,125 compared to CAD 175,862 a year ago.