Take physic, pomp

Argonaut (AR.to) 2q16 financials

What CEO Pete Dougherty tells us:
“We continued to generate cash from the operations and saw our cash balance grow by $7.6 million during the quarter.”
What he doesn’t tell us is that liabilities went up by $7.4m, and $5.4m of that was on the current side. He didn’t mention the net loss for the quarter in his executive comments, either. Hey, details. And Magino still hasn’t seen a penny’s worth of write-down, the Stradivarius accountancy standards continue. And he forgot to mention how production is set to fall off a cliff in 2017 again, though we don’t need to worry about details like that in a bull market, right? Right?

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