RE: RE: RE: FIRST QUARTER FINANCIAL RESULTSKewl2. It’s what mouserman said, “working capital is not always cash, or they would simply call it cash in the bank.”
That’s when the lights began to glow. The working capital was more than just cash at the beginning of the year as it is today also.
4th Quarter 2010, Cash and cash equivalents, ending 17,414,536
1st Quarter 2011, Cash and cash equivalents, ending 14,996,211
The rest of the working capital is in “Receivables , inventory and other items that are liquid enuf to sell” including $6,216,21in short term investments.
I haven’t found my base metal credits though.
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mineshack
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