High River Gold Mines Ltd HRIVF

financials

[ccharlwood]

Sharpman - your source is good - Director's obviously met yesterday as predicted. Maybe find out when Q1 coming.

 I see some positives for future shareholder value:

Gold revenue up to $180M from $115M
Cashflow up to $25M from (-$5M)

Several expense items could  improve quickly:
energy costs - should be way down this year due to price of fuel.
restructuring costs( $9M) are typically one off expenses once company financed.
mine start up problems should get resolved eventually.
Chaya write off a one time event ($5M)
exchange rates should stabilize of  ($15M).

This possibly could add up to $40-50M in saved expenses once finances and operations stabilized.

Company still owns 50% of largest unmined silver deposit in world (perhaps Russians real motivation).
With negaitve financial results out, there is still a strong bidder at $.13 - in fact there always has been.......Sevestral, related banks etc???????