Rochester, NY 8/21/2009 7:51:56 PM
General Moly, Inc., GMO - General Moly Post Second Quarter Financial Results
General Moly, Inc.
General Moly has announced the company’s unaudited financial results for the second quarter of fiscal year 2009 ended last June 30. Company’s net loss was approximately USD 2.8 million as compared to a loss of USD 3.8 million during the same quarter a year ago.
General Moly net loss for the 6 month period ending June 30th 2009 was approximately USD 5.8 million as compared to a loss of USD 9.1 million the prior year.
Consolidated cash balance at the end of the second quarter was approximately USD 70.1 million as compared to USD 80.4 million at the end of the first quarter as a result of USD 8.6 million in development and equipment deposit costs and USD 1.7 million in General and Administrative costs.
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