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Gold/Mining/Energy : GSS-Gold Star Resources
GSS 3.900+0.3%Jan 27 4:00 PM EST

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To: Richard D who wrote (148)10/24/2007 10:43:30 AM
From: sammaster  Read Replies (1) of 200
 
good news is that they took out debt on better terms than their last loan and they are paying off their old loan

bad news is they took on a lot more debt also

loss of 6 cetns a quarter should not be suprising given the expected high costs secondary to fixing the flotation circuit..
also costs now expensed and well as amortization/depreciation of sulfide plant sending earnings lower since revenues havent picked up yet...

they seem to have the habit of saying things will always get better next quarter..
maybe true this time?
as costs should come down and revenue should go up...

definately a show me stock....
and they wont be able to "show me" will 4th quarter is over and they report prelim results in january...

im sure in cc next month they will give stats for beginning of 4th quarter but they seem to always drop the ball so people may not believe them until actual results come out...this quarter they just had a conference a few weeks ago detailing their expected costs and then yesterday state that expenses were even higher than expected..
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