Newcastle Gold Ltd.

Operating Gold Mines - Quebec & Peru Canadian Gold Producer with significant GOLD Reserves

I've been going back reading thru all of the old HRG posts from June-Sept 2009...SAME EXACT SHIT going on as now with Century Mining!

For example: HRG makes a Q2 PROFIT...yet reports it as a loss! yeah, a freakin loss just so Severstal can come swoop down and make its low ball move on the shares.

http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?&p=0&m=27368464&r=0&s=HRG&t=LIST&pd=1

http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?&p=0&m=27368801&r=0&s=HRG&t=list&pd=1

($37.8M) = Net Income reported by HRG

add back $58.6M Non-cash Prognoz writedown

add back $14.8M Non-cash Mine amortization and depletion

($37.8M) + $58.6M + $14.8 = $35.6M Net Income prior to major Non-cash items

$35.6M / $88.2M Revenue = 40.4% Net Income prior to major Non-cash items as a % of Revenue

Just some of the shenanigans going on. Retail needs to fight and send message loud and clear: NO FREE CMM SHARES!

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Chickyboom
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Rank
Treasurer
Activity Points
299
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Date Joined
02/25/2011
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Newcastle Gold Ltd.
Symbol
NCA
Exchange
TSX-V
Shares
155,078,807
Industry
Metals & Minerals
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