Dave Gore's Trades That Make Sense Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dave Gore's Trades That Make Sense

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dave Gore who wrote (10263)	7/30/2002 11:20:49 AM
From: The Vet	Read Replies (1) of 16631

Dave that report is from a 50% JV HGMCY have with Armgold for a particular mine. It will contribute about 20% of HGMCY's total gold production. This was from a deal put together only at the start of this year, where the JV took over an unprofitable mine from Anglo American and turned it around into a very profitable operation. The JV doesn't report as an individual company so there is no EPS.. just earnings, costs and profits which will be passed on to the JV partners. All you can determine so far is that for 20% of their total production HGMCY have increased profits (before tax) by 60%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next