b/s sp cycle, page-20

er6n,

Hubris er6n or are you hedging for an argument for some reason?

I never suggest you could move the market, that's absurd. That could only be something you concluded. I said, "But using it as you do is great to scare people if your shorting!". ie those people who read hot copper.

Also I never blamed you for what the market is doing. How could you logically conclude that? lol

Not sure what your implying, but what I was trying to emphasis is that things for AGO are not as dire as you attempt to portray, though to be fair to you, your opinion changes with the Fe price. Many are looking longer term then one day, one week or several months. As to right now things are tight, I never said anything different.

I'll restate the D & A line you spruik is misleading using it as you do in conjunction with comments of "AGO is not making any money at these IO prices". The comment is subjective.

IMO the best measure of a business during early capital intensive stages is cash flow. Thus either cash flow positive or negative. Why because D & A can be changed simply by reassessing the life of the assets, and thus drastically change a reportable tax position. Cash flow is dependent on current incomes and costs not accounting whims.

So I'll say again. At this stage in AGO business, cash flow positive is more important then accounting deductions that generate a tax loss. Whilst the company is cash flow positive it can continue to pay bills, expand, pay dividends etc all whilst having a accounting generated tax loss.