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Re: TexasRambler post# 36579

Tuesday, 07/21/2015 10:13:32 PM

Tuesday, July 21, 2015 10:13:32 PM

Post# of 63744
I don't think the purchases of the trucks (assuming they used some of the $90M) would have any impact on the EPS. Braised mentioned at one time that the $90M would not positively impact earnings, so I don't know how buying equipment with that money could have a negative impact on earnings? I'm not an accountant either, but that wouldn't make any sense to me.

I think we'll still see a positive EPS in the .02-.03 range. I think the real question is, what price did they get for the gold they sold? If you look back, they only received $1208 average in Q1. For Q2, the price wasn't a whole lot lower with exception of the last week of June. So I'm guessing we'll see that they received around $1190 average.
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