Re: First Qtr Fin Statements on SEDAR EOM
in response to
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posted on
May 13, 2010 12:48AM
Producing Mines and "state-of-the-art" Mill
The deficit is just negative retained earnings. It increased over the quarter in an amount equal to the loss on the income statement. It basically represents an erosion of shareholder's equity due to the loss. The deficit line in itself is relatively meaningless.