Read the same info in a different order and HRG looks like a great buy now. Paying down debt. More cash. Stability on value.
Financial Results -- Cash and cash equivalents increased to $125.6 million from $92.7 million
at the end of Q2 2010, and up from $38.7 million at the end of Q3 2009.
-- Working capital increased to $205.3 million from $150.9 million at the
end of Q2 2010, up from $18.5 million at the end of Q3 2009.
-- Current and long term debt decreased to $22.1 million from $31.5 million
at the end of Q2 2010 and from $121.1 million at the end of Q3 2009.
-- Net gold revenue of $100.8 million, a decrease of 11% from $113.8
million in Q2 2010, an increase of 13% from $89.6 million in Q3 2009.
-- Net income of $ 25.8 million ($ 0.03 per share) compared to a net income
of $39.3 million (
.05 per share) in Q2 2010 and a net loss of $4.6
million (-
.01 per share) in Q3 2009.
-- Cash flow from operations of $26.3 million, compared to $48.8 million in
Q2 2010, and $33.00 million in Q3 2009.