Friday, November 12, 2010

B2Gold's ( quarter

B2Gold ( reported its 3q10 yesterday afternoon and there are two sides to the coin here.

Heads: The numbers were good. Here are three charts that track the stock (subscribers: more charts and analysis on Sunday in IKN80) showing assets, liabilities and revenues/earnings development. All went in the right direction.
Tails: The numbers had to be good this time, because this stock can only justify its current $730m market cap by returning numbers that say "we're getting better" and positioning itself as a growth story. The $10.93m in operational revenues does that, but it's not exactly a blowout either.

Final point: Watch out for a possible "BNN effect" on, as reader 'JC' kindly mailed last night to note this:
On BNN Fri. afternoon
2:45 PM – Q3 Earnings & Gold Price Outlook
Clive Johnson, President and CEO, B2Gold