MIRAMAR MINING (MNG) 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.

Gold/Mining/Energy : MIRAMAR MINING (MNG)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bear who wrote (202)	12/30/1997 2:32:00 AM
From: aknahow	Read Replies (3) of 457

A writedown based on reserves will not "eat up cash". Cash remains where it was, as the writedown is not a cash item. Not saying the writedown is good for the co or bad just explaining zero impact on cash as immediate impact from writedown. Say you own a home and also have $50,000 in a credit union account if home prices fall and the value of your house drops by $50,000, how much cash do you still have in your account? Realize you know this but just explaining for all.<g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next