you have to remember were half this management came from and the wage they were previously paid,this is nothing out of the norm,it simply grates when the s/p has gone through so many obstacles..
I will agree though so many spec coys treat shareholders at this stage as fodder and a step below real investors,and the higher the wage the more i see that disconnection to shareholder protection and keeping you informed the whole way.A clear example is how SIR once discovery was made suddenly went into shareholder protection mode and there shareholders all of a sudden were kept informed at every step as to nurture that growing s/p.
Look some of you are getting mixed up with the definition of cash positive
The (total) net cash flow of a company over a period (typically a quarter, half year, or a full year) is equal to the change in cash balance over this period: positive if the cash balance increases (more cash becomes available), negative if the cash balance decreases.
We will not be in profit for quite a while as any profit will be used on infrastructure and the ramping up on the next stage,but the market will look at this the same as profit because the money has to come from somewere so if it can self fund its development then it will be advertised in some circles as in profit and developing.
LOM Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
