The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (227312)	11/4/2009 8:41:40 AM
From: orkrious	Read Replies (1) of 306849

I read NGD's earnings release and wondered HTF did they go from $22.6 mil in Income from Mine Operations to $4.1 mil in net earnings? I had to look at the financial statements, only shown in the press release through a link. They had a $9.0 mil foreign exchange loss. First, that's a relatively big number. What the hell is it? Second, talk about understating your results and not tooting your own horn. They didn't even mention it in the press release.

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