Post by
grafikspeak on Nov 15, 2009 11:40pm
It is positive... really!
As per THEIR release
HIGHLIGHTS FOR THE THIRD QUARTER 2009
Financial Results
POSITIVE - Net gold revenue of $89.6 million, an increase of 6% from Q2 2009, an increase of 2.6 times from Q3 2008.
POSITIVE - (actually a positive comparison ie: losses are lower) Net loss of $4.6 million (
.01 per share) compared to a net loss of $37.8 million (
.06 per share) in Q2 2009 and a net loss of $15.3 million (
.05 per share) in Q3 2008.
POSITIVE - Cash flow from operations of $33.0 million, up from $22.8 million in Q2 this year, and up from $4.7 million in Q3 last year.
POSITIVE - Cash and cash equivalents increased to $38.7 million from $23.1 million at the end of Q2 2009, and up from $19.1 million at year-end.
POSITIVE - Current and long term debt levels decreased to $121.1 million from $135.6 million at the end of Q2 2009, compared to $188.1 million at year-end. ( we all know this is much better ie:c charlwood )
Yes for those of us who know it looks like it is not getting better... if this was your first look it is not bad. AND if I remember correctly someone got an email from IR saying SH value was not a concern. The CO is getting into better shape PERIOD.(not including the Prognoz thing) They did not have to put all this positive info at the top of their release. Maybe not the spin we were hoping for but no matter what this stock is min. $1.00 obviously worth a lot more, but, the INST's have said that is the min. So EVEYONE stop selling yourself short and type in an Ask for .90 to .96 and hold tight. Stop dikin around at .43+ IT WILL BE THERE.