SI
SI
discoversearch

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 : 1 Million oz. and up.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hugh M. who wrote (16)1/10/1998 10:05:00 PM
From: Robert Dydo   of 144
 
What about statements of Operations and Deficit.
Although the cash is there but production versus costs even with hedged position of $353/per oz. which covers approx. only 70% of prodution, leaving some 70,000 oz. to spot prices, On 210K oz.(if achieved)the profit can't bypass $2M with opearting costs of $309.00 per ounce. With huge writedown of $91M adding to existing deficit, future is not that bright. Not much room for expansion with the debt of $32M and and obvious cash flow/debt ratio problem. Anyway they have 72M shares so Hugh you are pushing it.
Regards
Robert
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News