GREY:HRIVF - Post by User
Comment by
rpakelshon Mar 31, 2010 8:03pm
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Post# 16946765
RE: Q4 '09 Eranings Release on...
RE: Q4 '09 Eranings Release on...just posted on hrg website AUDITED version not available till april 15th late filing
Financial Results
(Unaudited)
Net gold revenue of $363.3 million, an increase of 100% from 2008
Cash flow from operations of $126.7 million, up from $25.6 million last year
Cash and cash equivalents increased to $82.1 million from $19.1 million last year
Working capital increased to $96.2 million from a deficit of $42.1 million last year
Current and long term debt levels decreased to $84.0 million from $188.1 million last year, due mainly to principal repayments and foreign exchange movements st posted on hrg website AUDITED version not available till april 15th late filing
----------Original Message Posted 3/31/2010 7:48:25 PM----------
With all respect this information is just plain WRONG. Last year when FY2008 results were delayed and the NUT BARS at HRG (Severstal) released a market message at 5:17PM.
Severstal released their financials almost 2 weeks ago, gold was the only bright side, and they have had weeks to crunch the numbers.
A DISKS listing requirement requires that HRG must either release by March 31, 2010 for the FY2009, or supply another date with a reason...(no matter how lame their excuse could be....just like the B/S last year.
To be sure Mugsy AKA Mordashov and his minions will do their best to slow us down. But was interesting to see that Morgan was the big buyer of HRG this month, almost a million shares net on the buy side.
HRG will release today.
CJ