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 : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Johnson who wrote (201)12/30/1997 1:43:00 AM
From: BearRead Replies (1) | Respond to of 457
 
The press release said Miramar will take another writedown related to
the reclassification of reserves at the Con Mine to resources. This
will eat up more of their cash.

Bear



To: Dave Johnson who wrote (201)12/30/1997 10:01:00 AM
From: dwight vickersRead Replies (2) | Respond to of 457
 
I believe that when I looked at the last quarterly it appeared cash was down to $1.93 per share. So they were bleeding cash.

This is at the very least a necessary move.

And it has to mean that they didn't have all production hedged, or have inventory they plan to use. Or will just take a profit and buy in the sold contracts.

Dwight


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