GREY:LBEFF - Post by User
Post by
rocksolid47on Aug 11, 2010 2:06pm
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Post# 17342064
Jilin Jien getting closer
Jilin Jien getting closerI will have to have a closer look at the financials and correct me if I am wrong but it appears they did not pay down any of the covertible debt. Looks like Jilin Jien just got a little closer to taking over.
""* This non-GAAP statistic includes mining, milling, transportation, smelting, refining, price participation and marketing costs but excludes mine depletion and operating asset amortization charges.""
Cash operating profit from mining operations was $708,516 before non-cash charges....Thats it for a whole quarter? Good luck paying down that debt.......not a chance
Rocksolid