paschal,
i'll never touch this stock again... from looking at that quarterly..
they originally predicted NPAT '07 -> $10mill which was/is impossible...
even if you take the $2mill anomaly out of the quarterly statement, you get a cash flow +ve of $1.3mill for the quarter - at there 160,000 ton mine rate... that only works out to me as $5.2mill EBITDA
safe to say this company is writing cheques it cannot cash...
cashflow positive, page-15
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