High River Gold Mines Ltd HRIVF

RE: RE: I Like Those Results!

[ThyFish]

I think the results are amazing!!!  Unfortunately I think as per usual they have hidden and tucked away a lot that will take digging such as discern's to uncover.  They release at 11:45 on Tues?  Then they word it in such a way that the quick observer might not think the Q1 2011 results were much better then 2010 Q4.....how does net income almost double but only add .01 per share..... .03 to .04.....the math doesn't make sense.

They lead with the decrease of .08%, net income is up 15 million, cash flow from operations up 13.5 million, cash and cash equivalents up 54 million in 1 qrt, working capital increased 82 million, and debt is a piddly 23.5 million!!!!

These guys need some serious help releasing results.......

Financial Results

• Net gold revenue of $ 122.4 million, a decrease of 0.8% from $123.4 million in Q4 2010, an increase of 25.3% from $ 97.7 million in Q1 2010.
• Net income of $ 37.3 million (
  .04 per share) compared to a net income of $22.3 million (
  .03 per share) in Q4 2010 and a net income of $30.4 million (
  .03 per share) in Q1 2010.
• Cash flow from operations of $53.5 million, up from $40.0 million in Q4 2010, and up from $31.5 million in Q1 2010.
• Cash and cash equivalents increased to $204.1 million from $154.0 million at the end of 2010, and up from $82.5 million at the end of Q1 2010.
• Working capital increased to $287.0 million from $205.2 million at the end of 2010, up from $117.9 million at the end of Q1 2010.
• Current and long term debt decreased to $ 23.5 million from $25.0 million at the end of 2010 and from $62.6million at the end of Q1 2010.
• In January 2011, Royal Gold, Inc. ("RGI") agreed that the Completion Test, as such term is defined in the Amended and Restated Funding Agreement dated February 22, 2006 between RGI and Somita S.A. ("Somita") (the "Taparko Funding Agreement") had been satisfied and agreed to release its security interests in certain collateral (including certain equity investments in public companies) that it held pursuant to the "Taparko Funding Agreement".