Did you see the NG report today. Pretty sad. Non-cash stock compensation really added to their losses. I don't think they should give bonuses when they are losing money.
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No sailor, I didn't..... do you, perchance, have a link?
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Financials Results
Results of Operations
The Company had a net loss of $5.1 million (or $0.08 per share) for the first quarter ended February 28, 2005, compared with a net loss of $0.3 million (or $0.01 per share) for the same quarter in 2004. After excluding the non-cash stock-based compensation charge for the quarter of $4.2 million, the net loss for the period is $0.9 million compared with $0.3 million in the previous year. The other major factors in the net increase in the quarter's loss were a decrease in net revenues by $0.2 million, an increase in expenses of $0.3 million and a non-reoccurring mineral property recovery and minority interest add back totalling $0.1 million in 2004.
NovaGold Announces Q1 Financial Results
Business Wire (Wed, Apr 13)
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