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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (3320)5/12/1999 2:46:00 PM
From: GEORGES  Respond to of 7235
 
Gordon, the revenues they get from Jan. is from production in Jan. They book it as revenue after the sight and credit ARs. I think that reporting of results is subject to these ten annual sights and hence the delays in reporting. (IMHO)



To: Gord Bolton who wrote (3320)5/12/1999 2:50:00 PM
From: gemsearcher  Read Replies (3) | Respond to of 7235
 
Hi Gord and Georges.

Just to clarify (and hopefully not further confuse)

To determine Q1 earnings , Georges is right. However , from a cash flow perspective , Gord is right - the cash flow for Q1 is effectively Nov.-Jan. production (because of the lag time in receiving payment from DB's)

Regards


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