DD,
If their stock is at $8.25 with that little in diamond sales we should start looking pretty good in a very short time.
Namibian nine-month results
Namibian Minerals Corp NMR
Shares issued 39,527,160 Dec 10 close $8.25
Fri 10 Dec 99 Financial Statements
CONSOLIDATED STATEMENT OF OPERATIONS
Nine months ended
(in thousands of U.S. dollars)
Sept. 30, Aug. 31,
1999 1998
Income revenue
from diamond sales $ 34,390 $ 4,804
Interest received 250 263
Gain on sale
of marketable
securities 324 -
-------- --------
34,964 5,067
-------- --------
Expenses
Direct production
costs 9,683 2,040
Royalty payment 2,976 210
Marketing costs 701 46
General office
costs, including
salaries 2,948 3,213
General exploration
and development
costs - 2,058
Loss on marketable
securities - 18
Amortization
Capital assets 2,633 1,448
Good will 9 9
Interest payable 83 33
-------- --------
15,931 (4,008)
Other
Equity income
from affiliate 100 -
-------- --------
Earnings (loss)
for the period $ 16,031 ($ 4,008)
======== ========
Earnings (loss) per
share for the period
Basic 42 cents (10 cents)
Fully diluted 38 cents (10 cents)
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