To: loantech who wrote (19909 ) 9/3/2006 1:43:37 PM From: koan Read Replies (1) | Respond to of 78409 Did you buy it for this reason---JOKE-lol. PolyMet Mining Corp (C-POM) - News Release PolyMet Mining loses $7.76-million (U.S.) in Q2 2006-08-31 15:12 ET - News Release Shares issued 116,355,876 POM Close 2006-08-30 C$ 3.26 Mr. William Murray reports POLYMET FILES SECOND FISCAL QUARTER RESULTS PolyMet Mining Corp. has filed its financial statement for the three months ended July 31, 2006. The full report can be accessed on the company's website and on Stockwatch's SEDAR files. All amounts are in United States dollars, unless otherwise indicated. At July 31, 2006, PolyMet reported a cash balance of $17.3-million and working capital of $16.1-million, compared with $11.7-million and $9.1-million, respectively, at Jan. 31, 2006. During the three months ended July 31, 2006, PolyMet spent $2.8-million at its NorthMet project, compared with $1.2-million in the equivalent period a year earlier. This expenditure was primarily related to advancement of the definitive feasibility study (DFS), which is scheduled to be released before the end of September, 2006. General and administrative costs in the quarter, excluding non-cash stock-based compensation expense, were $751,000, compared with $384,000 in the year-earlier period, reflecting increased corporate activity leading to the completion of the DFS. Douglas Newby, chief financial officer of PolyMet, said, "Our working capital of $16.1-million demonstrates that we are well funded to complete the DFS and permitting of NorthMet." He continued: "This was out first reporting period since our shares were listed on the American Stock Exchange and also the first since we appointed PriceWaterhouse LLP as our auditors. I am particularly pleased that we have reported within a month of the end of our fiscal quarter."