Those 1sth quarter figures certainly are a bad. On one Hand the Exploration costs are below the $ 500.-- Benchmark and the sellingprice is above the $ 700.-- Benchmark, but then the Company Comes out with a loss due to increased foreign Exchange losses - but on the Revenue side they say: The increase in Revenue was primarily due to more favourable Exchange rates.
Question: The revenues are better dueto favourable Exchange rates but the increase in net loss is primarily due to the Impact of increased foreign Exchange losses.
Frankly, somehow I don't get it.
This is the bad part.
The good part is, the Shareholder-Equity is roughly 227 Mio or $ 0.98 per share and presently we are trading at 0.28
But, if These Boys cannot make Money in this market with those Prices, then when? Maybe somebody is smarter and will take some positive notes out of the conference call and let's hope this Foreign-Exchange mess will not be repeated in the 2nd quarter.
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