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Message: Financials

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Quazzy

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Re: Financials

posted on Aug 14, 08 04:06AM

"Well, well... financials for the second quarter are out on Sedar.
First glance doesn't look so good.
Cash on hand June 30 was $39,382."

Of course these guys yelling gloom and doom knew the 2nd quarter results would be somewhat similar to what was released. These are the same guys that have been making a profit shorting all the way down.

If you actually take the time to read the whole release...

"$10-million (U.S.) the company had drawn at June 30, 2008, on the $15-million (U.S.) credit facility in place with JJNICL."

Things to focus on are pre production next month and a cost of $3.50 to produce a pound of nickel by Dec.

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