I have always found it suspicious when a company press release for Qt report without providing details but direct you to their regulatory filing, always bad and this was bad, here is the highlight they didn't provide on their PR
Rev $11,687,959
net loss (17,263,168) ($0.04) per share
Deficit at end of period (112,546,825)
outstanding shares 387,033,102
RUSORO MINING LTD.
INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND
DEFICIT
FOR THE THREE MONTHS ENDED MARCH 31,
(Expressed in U.S. Dollars) - unaudited
2 |
P a g e
2008 2007
$ $
REVENUE
11,687,959 -
Cost of goods sold 13,059,554 -
GROSS LOSS
(1,371,595) -
EXPENSES
Administration (Notes 10 (c) and 11) 4,496,538 2,397,206
Amortization 53,150 2,353
Consulting (Notes 10 (c) and 11) 1,556,883 1,167,997
Foreign exchange loss 7,425,411 21,162
Interest income (155,056) (325,297)
Professional fees (Note 11) 792,341 165,858
Salaries (Notes 10 (c) and 11) 608,752 294,171
Transfer agent and filing fees 82,327 67,183
Travel and entertainment (Note 11) 1,046,213 119,068
15,906,559 3,909,701
Loss before undernoted (17,278,154) (3,909,701)
OTHER EXPENSES (INCOME)
Impairment of mineral properties (Note 7) 238,320 -
LOSS BEFORE INCOME TAXES
(17,516,474) (3,909,701)
Current income tax provision 2,287,889
Future income tax recovery (2,541,205) -
(253,306)
-
NET LOSS
(17,263,168) (3,909,701)
DEFICIT
Beginning of period (95,283,657) (63,039,668)
End of period (112,546,825) (66,949,369)
BASIC AND DILUTED LOSS PER SHARE
(0.04) (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING,
BASIC AND DILUTED
387,033,102
