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To: Richard Mazzarella who wrote (222)6/8/1998 8:30:00 PM
From: Chuca Marsh  Respond to of 379
 
Five weeks ago you thought it was the case also:
Thomson Investors Network thomsoninvest.net
Flash Report for 04/03/1998

Portfolio Summary for 04/03/1998

Security Price Change High Low Volume
IP 0.25 -0.02 0.26 0.24 45,800
TO 1.65625 0.0625 1.75 1.5 295,000
GI 1 -0.187 1.062 1 20,400
CF 0.5625 -0.03125 0.59375 0.5 100,400
RO 0.28 N/A N/A N/A N/A
AF -- -- -- -- --
AU 0.437 0.125 0.437 0.437 3,000
AM 0.59 -0.02 0.62 0.58 83,700
TU 1.437 -0.156 1.625 1.437 2,100
PS 0.099 N/A N/A N/A N/A
VGZ 0.3125 0.0625 0.3125 0.25 65,700
The Three letter symbol, I left as sent 9 weeks ago, hope you sold some 2 Letter Symbols to buy that 3 letter symbol??? ? C ( Letters have been left out intentionally to protect the innocent!)




To: Richard Mazzarella who wrote (222)6/8/1998 10:43:00 PM
From: PaulM  Read Replies (1) | Respond to of 379
 
Richard, the balance sheet I'm looking at shows $2.1 mill earnings in the Q ended March 31, 1988 as against a $.7 mill loss a year earlier. $3.2 mill of liquidated forward position was applied in the 1st Q '98 in which we got $2.1 mill earnings, so we would have been looking at 1 mill loss without the liquidated forward positions.

Not counting the liquidated hedge, earnings were worse than a year ago ($1 mill loss vs. $.7 mill loss) despite higher revenues and lower mining costs because...

1. Provision for reclamation and closure costs and

2. Depreciaton,

both higher than a year ago, especially #1.




To: Richard Mazzarella who wrote (222)6/8/1998 10:56:00 PM
From: PaulM  Read Replies (1) | Respond to of 379
 
By the way, here's why the stock's been tanking...

biz.yahoo.com