Vaaldiam reports that, for the year ended December 31, 2011, it has recorded a net loss of $13,247,000 or $0.18 per share compared to a net loss of $6,973,000 or $0.10 per share for the same period in 2010. Vaaldiam ended the period with a cash position of $4.5 million and working capital of $3.2 million. Vaaldiam also holds 10.6 million shares in Flemish Gold Corp. ('Flemish'), which is focused on gold exploration
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