ILST
International Star, Inc.0.0002
+0.0000+0%
Dec 16, 4:00:00 PM EST
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Key Stats
Market Cap
577.04KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2011 results
International Star, an exploration-stage miner, posted a Q3 net loss of $117,604, up 71% year-over-year from $68,622, driven by higher mineral exploration costs of $60,236 versus $12,449 amid expanded sampling and assay work on Arizona claims. Nine-month net loss widened 19% to $366,324, with operating expenses climbing to $269,324 on intensified efforts, while interest expense rose to $97,000 from added debt. Cash dwindled to $42,883 after $303,264 used in operations, offset by $250,000 in financing including a $150,000 Beaird loan at 12% due December 2011, secured by 49% of Mohave County mineral rights. Total debt hit $1,795,433, with $1,295,433 current; free cash flow not disclosed in the 10-Q. Exploration advanced with a Van Deemen gold mine lease in April 2011 for $5,000 semi-annual rent, targeting gold reserves via historical data evaluation. Yet funding remains tight. Claims face validity challenges from overlapping stakes.
10-Q
Q2 FY2011 results
International Star, an exploration-stage miner, posted a narrower net loss of $147,275 for Q2 2011 ended June 30, down 6.8% y/y from $157,997, while the six-month loss widened slightly to $248,720 from $238,568 amid higher mineral exploration costs of $96,252 (up 31.5% y/y). Operating losses eased to $113,275 in the quarter from $133,261 y/y, driven by elevated professional fees and interest on related-party debt, yet the net loss exceeded operating by 30% due to $34,000 in interest expense. Cash climbed to $127,261, bolstered by $250,000 in financing including a $150,000 Beaird loan at 12% due December 2011 (secured by 49% of Arizona mineral rights) and $100,000 stock sale, while total debt hit $1.76M with $700,000 in related-party notes. The firm leased five Van Deemen gold mine claims in April for $5,000 semi-annually, targeting gold reserves in Mohave County. No free cash flow disclosed in the 10-Q. Claims face validity challenges from overlapping federal filings.
8-K
Acquires Van Deemen gold property
International Star, Inc. acquired the Van Deemen Gold Mine property—five unpatented lode claims totaling 100 acres—via a lease with La Cuesta International in April 2011, and staked 18 additional surrounding claims. Historical data from 1980s drilling by Fischer-Watt and partners suggest a possible gold resource of 988,000 tons at 0.034 ounces per ton, though unverified and not classified as current under NI 43-101. The company is sampling surfaces for assay to guide future exploration. Historical estimates carry verification risks.
10-Q
Q1 FY2011 results
International Star posted a Q1 net loss of $101,445, up 25.9% y/y from $80,571, driven by higher professional fees and interest expense while mineral exploration costs dropped 24.0% y/y to $35,292 on reduced drilling. Operating loss widened to $72,695 from $67,037, with the net gap tied to $28,750 in interest on related-party notes. Cash dwindled to $16,632 from $96,147 at year-end, reflecting $79,515 used in operations; no FCF disclosed in the 10-Q. Post-quarter, the firm inked a 10-year lease for five lode claims over the Van Deeman gold mine, paying $5,000 semi-annually initially, with a $200,000 purchase option, and raised $250,000 via Beaird debt and stock. Total debt stands at $1.6M, mostly short-term related-party notes at 6-18% rates maturing 2012. Exploration hinges on funding. Claim overlaps pose a persistent threat.
8-K
Mining lease and funding secured
International Star inked a 10-year mining lease on April 6, 2011, for five lode claims at the former Van Deeman gold mine in Arizona's Mohave County, shelling out escalating rentals starting at $5,000 semi-annually and a 2% net smelter royalty upon production, with an option to buy for $200,000. To bankroll exploration, it borrowed $150,000 at 12% interest from Beaird on April 25, maturing December 13, 2011, secured by 49% of its Arizona mineral rights, while issuing warrants for 15 million shares at $0.01 and selling 12.5 million shares for $100,000. This secures vital funding, yet repayment hinges on revenues the firm lacks.
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