upcoming quarterly, page-31

another quarter goes by, and my estimate of a 900k cash flow positive quarter, gets blown out the water. Geez I need to be more negative and realistic in future.

As for finance costs of 6 per cent per annum like paul100 says, it is just a lie. Pgi paid 1.77m for the quarter for finance costs, so that's 7.08m for the year, on a debt of 35m, that's an effective interest rate of 20.2% per yr. Maq bank must be happy with that return.

Plenty of noise about a new finance deal, which we have been hearing for a while, but still not executed, as well as getting more ore for the plant. Still not finalized.

Good points is the Dominican government is supportive of pgi and want to extend the mining license.



As the litigation been settled, good, management can now concentrate on getting the plant to work better.