Orlando, FL -- (SBWIRE) -- 08/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Golden Star Resources Ltd. (USA) (NYSEAMEX:GSS), ReneSola Ltd. (ADR) (NYSE:SOL).
Golden Star Resources Ltd. (USA) (NYSEAMEX:GSS) shares increased 19.52% to $0.741. The company on August 12 reported its financial results for the second quarter ended June 30, 2013. Net loss attributable to Golden Star shareholders in the second quarter of 2013 was $128.8 million, compared with a net income of $0.04 million for the same period of 2012. The adjusted net loss attributable to Golden Star shareholders2 for the second quarter of 2013 was $19.8 million compared with adjusted net income of $8.2 million for the same period of 2012.
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Additionally, the company, on July 30, announced that it has closed a US$50 million secured Medium Term Loan Facility ("Loan") with Ecobank Ghana Limited ("Ecobank"), a pan-African full service bank, who acted as sole lender and arranger to the Company. The use of proceeds is to finance Wassa, inclusive of pre-feasibility studies, drilling operations, settlement, partial relocation and other capital expenditures. Also, the Company has drawn down US$10 million for cash management purposes.
ReneSola Ltd. (ADR) (NYSE:SOL) shares dropped 9.05% to $3.72. The company on August 14 announced it has rescheduled its conference call regarding its results for the second quarter ended June 30, 2013. ReneSola's management will host its earnings call on Friday, August 30, 2013 at 8 am U.S. Eastern Time (8 pm Beijing/Hong Kong time).
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Additionally, the company, on July 16, announced updates to its second quarter and full year 2013 outlook. The Company estimates its second quarter revenues to be in the range of $365 million to $375 million, as compared to its previously guided range of $310 million to $330 million. The Company estimates its second quarter solar module shipments to be in the range of 450 MW to 460 MW, compared to its previously guided range of 400 MW to 420 MW.
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