1411096--10/24/2008--Centaurus_Resources_Corp.

related topics
{cost, contract, operation}
{interest, director, officer}
{gas, price, oil}
{loss, insurance, financial}
{control, financial, internal}
WE ARE AN EXPLORATION STAGE COMPANY AND WE EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE FUTURE. WE HAVE YET TO EARN REVENUE AND OUR ABILITY TO SUSTAIN OUR OPERATIONS IS DEPENDENT ON OUR ABILITY TO FIND MINERALS AND EARN REVENUE. AS A RESULT, OUR ACCOUNTANT BELIEVES THERE IS SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING CONCERN. BECAUSE OF THE UNIQUE DIFFICULTIES AND UNCERTAINTIES INHERENT IN MINERAL EXPLORATION VENTURES, WE FACE A HIGH RISK OF BUSINESS FAILURE. WE HAVE NO KNOWN MINERAL RESERVES AND IF WE CANNOT FIND ANY, WE MAY HAVE TO CEASE OPERATIONS. BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS. AS WE UNDERTAKE EXPLORATION OF OUR MINERAL CLAIMS, WE WILL BE SUBJECT TO COMPLIANCE WITH GOVERNMENT REGULATION THAT MAY INCREASE THE ANTICIPATED COST OF OUR EXPLORATION PROGRAM. BECAUSE OUR SOLE OFFICER/DIRECTOR DOES NOT HAVE FORMAL TRAINING SPECIFIC TO THE TECHNICALITIES OF MINERAL EXPLORATION, THERE IS A HIGHER RISK OUR BUSINESS WILL FAIL. THERE IS A RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST. WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE MINERAL CLAIMS INTO COMMERCIAL PRODUCTION. IF ACCESS TO OUR MINERAL CLAIMS IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS. BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY. BECAUSE OUR CURRENT OFFICER/DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

Full 10-K form ▸
related documents
1429426--3/12/2009--Wollemi_Mining_Corp.
1439299--9/8/2010--Mondas_Minerals_Corp.
1425597--3/4/2009--Mesquite_Mining_Inc.
1430872--4/27/2009--Green_Star_Mining_Corp.
1439299--8/12/2009--Mondas_Minerals_Corp.
1404433--7/23/2008--Canusa_Capital_Corp.
85408--3/16/2006--ROWAN_COMPANIES_INC
1016708--3/31/2010--ENTHEOS_TECHNOLOGIES_INC
1441082--9/24/2009--Lake_Forest_Minerals_Inc.
85408--2/29/2008--ROWAN_COMPANIES_INC
1419482--4/14/2008--INTERNATIONAL_SILVER_INC
938113--3/25/2008--APOLLO_GOLD_CORP
1353406--4/17/2008--Oliver_Creek_Resources_Inc.
85408--3/2/2009--ROWAN_COMPANIES_INC
1386936--11/12/2010--Siga_Resources_Inc.
1390778--4/15/2010--Avro_Energy_Inc.
783324--3/31/2006--VISTA_GOLD_CORP
1409136--7/15/2009--Cinnabar_Ventures_Inc
100826--2/29/2008--AMEREN_CORP
1346685--4/1/2008--Sterling_Mining_CO
1060910--8/13/2009--GENERAL_METALS_CORP
833081--6/30/2006--PRIDE_INTERNATIONAL_INC
783324--3/15/2007--VISTA_GOLD_CORP
1424404--10/9/2009--Wolverine_Exploration_Inc.
1376316--10/6/2010--Viking_Minerals_Inc.
839470--3/11/2009--URANIUM_RESOURCES_INC_/DE/
100826--3/1/2007--CENTRAL_ILLINOIS_PUBLIC_SERVICE_CO
1376316--10/6/2010--Viking_Minerals_Inc.
74145--2/16/2007--OKLAHOMA_GAS_&_ELECTRIC_CO
66649--3/29/2006--MINES_MANAGEMENT_INC