Stockle - the stock oracle

Dutch Gold Resources Inc

US:DGRI
No current share price held for this company.

Past year: ▲ 0%(0.00c – 0.01c USD)

Market cap
—
Shares on issue
—
Story beats
15 since 2001
Last event
12 Mar 2015

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

12 Mar 2015bankruptcy or receivership▼ BadMajor

On March 9, 2015 the bankruptcy court approved the trustee's report of no distribution, discharged the trustee and closed the Chapter 7 case for subsidiary Dutch Mining, LLC. This ends the Dutch Mining liquidation begun in 2014; the order itself shows no distribution was made, and it does not describe any effect on the parent's shares.

Discuss in chat

17 July 2014material agreement● Neutral

On July 17, 2014 the company announced a deal giving Abba Medix Corporation a license to sell and distribute the company's products in Canada and other countries. The filing does not say what the products are or what the company will receive; it follows the patent purchase a week earlier, suggesting a shift away from mining (inference).

Discuss in chat

10 July 2014material agreement● Neutral

On July 10, 2014 the company, through a subsidiary called Ascendant Analytics, Inc., agreed with Tetra Micro Labs, Inc. to buy Provisional Patent 61/977,524 for cash and stock. The amounts are not stated in the filing. This is a technology purchase unrelated to mining, and the filing itself doesn't explain any change of business (it is also dated July 7 in its signature, which looks like an error).

Discuss in chat

7 July 2014bankruptcy or receivership▼ BadMajor

The company reports that on June 11, 2014 a voluntary Chapter 7 bankruptcy petition was filed for its subsidiary Dutch Mining, LLC in the Northern District of Georgia. This follows through on the April 2014 liquidation decision; the filing does not say the parent company itself is in bankruptcy.

Discuss in chat

17 Apr 2014bankruptcy or receivership▼ BadMajor

On April 16, 2014 the board acted to liquidate its wholly owned subsidiary Dutch Mining, LLC, the unit acquired in the January 2007 share exchange. The filing says this does not affect the parent company, only the subsidiary.

Discuss in chat

2 Apr 2013late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its annual report would be filed late.

Discuss in chat

21 Nov 2012quarterly activities report▼ Bad

Dutch Gold Resources Inc reported quarterly revenue of $15 thousand and a net loss of $367 thousand for the period ended 2012-09-30.

Discuss in chat

15 Nov 2012late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its quarterly report would be filed late.

Discuss in chat

20 Aug 2012quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $406 thousand for the period ended 2012-06-30.

Discuss in chat

15 Aug 2012late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its quarterly report would be filed late.

Discuss in chat

11 July 2012material agreement● NeutralMajor

On July 11, 2012 the company signed a joint venture agreement with RadarNica, SA to develop the Villa Nueva 1 mines in Nicaragua through a new Georgia LLC. The company will put in $100,000 initially (net proceeds are shared equally until it has contributed $250,000), and will give RadarNica options on 20,000,000 company shares. This is a new venture separate from the Minnie Moore lease, and it adds potential dilution; the filing gives no word on the Minnie Moore lease.

Discuss in chat

21 May 2012quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $443 thousand for the period ended 2012-03-31.

Discuss in chat

15 May 2012late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its quarterly report would be filed late.

Discuss in chat

30 Mar 2012late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its annual report would be filed late.

Discuss in chat

21 Nov 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.8 million for the period ended 2011-09-30.

Discuss in chat

14 Nov 2011late filing notice▼ Bad

Dutch Gold Resources Inc notified the SEC that its quarterly report would be filed late.

Discuss in chat

9 Nov 2011auditor change● Neutral

Amendment No. 5 to the March 2011 auditor change, filed to attach Gruber's Exhibit 16.1 letter. The text is essentially identical to the previous amendment, with no new facts; the repeated amendments show the SEC-comment cycle on this filing, but the filing itself does not say why they were needed (inference).

Discuss in chat

4 Nov 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.8 million for the period ended 2011-09-30.

Discuss in chat

3 Nov 2011auditor change● Neutral

Another amendment (labelled Amendment No. 4 on its face, though its note calls it No. 3) to the March 2011 auditor change. It revises the no-disagreement wording to cover the two most recent fiscal years through March 18, 2011, and attaches Gruber's letter as Exhibit 16.1. The substance, dismissal of Gruber and engagement of Hancock Askew, is unchanged.

Discuss in chat

3 Nov 2011asset acquisition disposition● Neutral

Amended report on the Aultra Gold deal, effective December 31, 2009 (signed January 6, 2010): the company issued 9,614,667 shares for Aultra Gold's gold and mineral business assets and 1,000,000 shares for control of Aultra Gold. Rauno Perttu joined as director and Chief Operating Officer as three directors resigned. It repeats earlier history and still promises audited and pro forma financials within 71 days, so that open item remains unresolved here.

Discuss in chat

28 Oct 2011auditor change● Neutral

Amendment No. 2 to the March 2011 auditor-change report, filed to attach Gruber & Company's letter to the SEC as Exhibit 16.1. It repeats that Gruber was dismissed and Hancock Askew & Co engaged on March 18, 2011, with no disagreements, and Gruber's 2008 and 2009 reports qualified only for going concern. This resolves the June 2011 amendment's note that Gruber's letter had not yet been received; no new facts about the change.

Discuss in chat

24 Oct 2011director interest notice● Neutral

Rauno Perttu became a Dutch Gold Resources Inc Director, COO and company insider (initial ownership filing).

Discuss in chat

5 Oct 2011material agreement● NeutralMajor

On September 26, 2011 the company signed a mining lease with the Bilbray Trust and Johnston Trust for the Minnie Moore Mine in Blaine County, Idaho: ten years plus two ten-year extensions, $10,000 a month in advance production payments, annual lease payments rising from $50,000 to $100,000 across later periods, a 4% net smelter royalty and a 14% profit share once ore is produced. Each trust also gets options on 5,250,000 shares at $1,000.00 per share (as printed), vesting after $10,000,000 of net revenue. The company can buy the property for $15,000,000, with production payments credited against the price. It also hired Carl Johnston as a consultant at $5,000 a month. This is the first mine the filing shows the company holding a right to work.

Discuss in chat

22 Aug 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.4 million for the period ended 2011-06-30.

Discuss in chat

15 Aug 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.4 million for the period ended 2011-06-30.

Discuss in chat

6 June 2011director interest notice● Neutral

Daniel Woodall Hollis became a Dutch Gold Resources Inc Director, Chief Exe Officer and company insider (initial ownership filing).

Discuss in chat

3 June 2011auditor change● Neutral

This amendment restates the March 2011 change from Gruber to Hancock Askew and extends the description of Gruber's reports to cover 2008 as well as 2009 (no adverse opinion, going-concern qualification only). It says Gruber's letter had not been received yet, which differs from the original filing that said it was attached. It also lists a different commission file number (333-72163).

Discuss in chat

3 June 2011director interest notice● Neutral

Tom Leahey became a Dutch Gold Resources Inc Chief Financial Officer and company insider (initial ownership filing).

Discuss in chat

27 May 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.2 million for the period ended 2011-03-31.

Discuss in chat

16 May 2011quarterly activities report▼ Bad

Dutch Gold Resources Inc reported a quarterly net loss of $1.2 million for the period ended 2011-03-31.

Discuss in chat