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Oh lordy I'm fed up to the back teeth of mining company news release wordsmith and spin bullshit, Argonaut Gold ( edition

Look, instead of wading through the über-spin you get all through the Argonaut Gold ( news release on its 3q15 trainwreck quarter let's just stick with the title line and debunk the two things it features as quarter "highlights". That title is...

Argonaut Gold Announces Third Quarter 2015 Revenue of $32M; Quarter End Cash Balance Remains Consistent at $44M...

...which combines one balance sheet item and one P+L item.

1) "Revenue of $32m". In fact it's $32.106m, but who gives a fig how much you bring in if it costs you more to produce the goods than you get?

I mean forget operating or net loss, this company couldn't even make a gross profit. Again. And I'm very sorry people but you cannot ignore amortizations etc. Part of life, reality, cruelty etc.

2) "Cash balance $44m". Fine, but what about the one that really matters, working capital?

Notice anything there? Yeah, me too.

And those are just from the title line, fercryinoutloud! I'm now waiting for the mining company NR that starts "We Think You Are Stupid So This Is What We Want You To Understand And Please Do Not Bother To Look At Our Numbers". Shouldn't be long in coming at this rate.