Copper Fox Metals Inc.

Please excuse me if this sound preachy. It is not my intention

Retained Earnings of a company are the sum of its profits and losses since inception of the company adjusted for dividend payments and other items.

Deficit is the accounting term applied when retained earnings are negative (the company has lost more money than it has made in profits).

In short this is a cumulative figure showing how much money the company has lost since inception.

Nut (still lurking, and still invested)