|
Consolidated Statements Of Cash Flows (USD $)
|
6 Months Ended |
222 Months Ended |
|
Apr. 30, 2012
|
Apr. 30, 2011
|
Apr. 30, 2012
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net loss |
$ (6,989,612) |
|
$ (3,188,127) |
$ (80,423,387) |
| Adjustments to reconcile net loss to net cash used by operating activities: |
|
|
|
|
| Depreciation and asset write-off |
426,823 |
|
76,093 |
2,077,961 |
| (Recovery) provision for uncollectible value-added taxes |
(808,883) |
|
|
593,727 |
| Noncash expenses |
|
|
|
126,864 |
| Foreign currency transaction loss (gain) |
145,332 |
|
(1,898,829) |
2,973,608 |
| Common stock issued for services |
|
|
|
1,563,574 |
| Common stock issued for compensation and directors' fees |
|
|
|
1,753,222 |
| Stock options issued for compensation |
630,732 |
|
661,177 |
9,775,361 |
| Stock options and warrants issued for services, financing fees and directors' fees |
|
|
|
4,769,840 |
| (Increase) decrease in, net of merger transaction: |
|
|
|
|
| Value-added tax receivable |
15,246 |
|
(536,452) |
(3,325,851) |
| Restricted cash |
27,815 |
|
5,229 |
(48,024) |
| Other receivables |
(84,587) |
|
9,562 |
(153,653) |
| Prepaid income taxes and expenses and deposits |
(89,338) |
|
10,823 |
(335,899) |
| Increase (decrease) in, net of merger transaction: |
|
|
|
|
| Accounts payable |
101,228 |
|
188,078 |
665,821 |
| Income tax payable |
12,004 |
|
5,665 |
23,256 |
| Accrued liabilities and expenses |
(502,899) |
|
359,091 |
419,224 |
| Accrued severance costs |
|
|
(184,000) |
|
| Other liabilities |
|
|
|
7,649 |
| Net cash used by operating activities |
(7,116,139) |
|
(4,491,690) |
(59,536,707) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
| Purchase of investments |
|
|
(40,555) |
(21,609,447) |
| Proceeds from sale of investments |
|
|
|
21,609,447 |
| Cash acquired in merger with Dome Ventures |
|
|
|
2,618,548 |
| Equipment purchases |
(14,514) |
|
(11,546) |
(3,032,196) |
| Proceeds from sale of equipment |
|
|
206,398 |
451,565 |
| Proceeds from mining concession option payment (Note 9) |
|
|
|
200,000 |
| Acquisition of property concessions |
(818,266) |
|
(458,593) |
(6,621,742) |
| Net cash used by investing activities |
(832,780) |
|
(304,296) |
(6,383,825) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
| Proceeds from issuance of common stock, net of offering costs |
10,217,774 |
|
|
64,908,705 |
| Proceeds from sales of options and warrants |
|
|
|
949,890 |
| Proceeds from exercise of options |
|
|
152,193 |
188,913 |
| Proceeds from exercise of warrants |
|
|
673,343 |
6,350,286 |
| Deferred offering costs |
53,860 |
|
(68,375) |
(40,689) |
| Payable to joint venture partner |
16,265 |
|
(442,276) |
495,859 |
| Proceeds from shareholder loans |
|
|
|
30,000 |
| Payment of note payable |
|
|
|
(15,783) |
| Net cash provided by financing activities |
10,287,899 |
|
314,885 |
72,867,181 |
| Effect of exchange rates on cash and cash equivalents |
(20,161) |
|
(18,300) |
(387,931) |
| Net increase (decrease) in cash and cash equivalents |
2,318,819 |
|
(4,499,401) |
6,558,718 |
| Cash and cash equivalents beginning of period |
4,239,899 |
[1] |
10,570,598 |
|
| Cash and cash equivalents end of period |
6,558,718 |
|
6,071,197 |
6,558,718 |
| SUPPLEMENTAL CASH FLOW DISCLOSURES: |
|
|
|
|
| Income taxes paid |
45,855 |
|
|
186,419 |
| Interest paid |
|
|
|
286,771 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
|
| Common stock issued in merger with Dome |
|
|
|
24,840,886 |
| Warrants issued in merger with Dome |
|
|
|
1,895,252 |
| Common stock issued for equipment |
|
|
|
25,000 |
| Common stock options issued for financing fees |
|
|
|
276,000 |
| Common stock options issued for non-cash options |
|
|
$ 37 |
$ 59,947 |
|
|
|