Hi there russet,
I have two copies of the annual report.
These are the numbers from page 22 which I believe might be causing
some confusion and consternation and weighing heavily on the stock
price.
------------------------third quarter---------fourth quarter
tonnage through put-----60,298----------------82,594
carats recovered-------207,551---------------342,503
grade(cpht)----------------344-------------------415
Co. share of production-93,652---------------137,001
Revenue------------$20,652,000-----------$23,588,000
net income---------$11,857,000---------------$86,000
They changed the accounting practice so that only revenue actually
received is reported. Lots of people do not understand why the
revenue and earnings were not higher or as they expected. |
