RE:RE:RE:RE:RE:RE:FWIW DEPT:IMHO BGM HAS MORE GOING FOR IT THAN Detour Gold delazus wrote:
Chilly, Detour has yet to make a profit! Not so BGM!! Rgd`s, delazus
Delusional and dizzy, Lazarus returns from the braindead to spout garbage.
Read the financials, dummy. In the first quarter of 2015, Detour made profits of $29,654 from its mining operations. Non-cash depreciation of $37 million was booked, as was $27 million in income and mining tax expense. Finance costs were $20 million.
The company has convertible notes related to mining construction of $413 million, repaid in the first quarter of 2015 the Caterpillar Financial leases (maximum of $150 million), and has an unused $135-million secured credit facility.
Its current cash position at March 31, 2015, was $116 million.
That's why its share price is $14.61 (up 79 cents today).