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finbar99

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finbar99

Re: carl405040 post# 103

Wednesday, 02/19/2014 9:22:14 AM

Wednesday, February 19, 2014 9:22:14 AM

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The huge loss came from the impairment they had to take when the World Gold Council changed their long term gold price targets. They had a huge gain the year before when they upped them, then reversed it when they moved it back down - it's just IFRS accounting mumbo jumbo. Look at the cash flow.
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