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Gold/Mining/Energy : A "A" list of JR gold mining companies -- Ignore unavailable to you. Want to Upgrade?


To: ForYourEyesOnly who wrote (62)9/16/1998 9:29:00 AM
From: Claude Cormier  Read Replies (1) | Respond to of 169
 
<<ls be more specific about the "danger" you see. Their debt looks very manageable to
me:

Long term liability: 149,099
Current liability: 1,633

Annual revenue: 856,000 (appx.) >>

On an annual basis, they break even at current gold prices. THey are in the red with no cash on hand.

What if gold move lower and stay there for a few years. How do they pay their workers. They need very good friends among the banks.

If gold continue higher then DRD will be a stellar performer being so levereged. I am worried only if gold goes down.

CC