What do you want first, the bad news or the good news? Well, we just got the bad news. However, in this Waterloo battle, the Prussians have been persuaded to reform and are rejoining the fray from the side, much to the dismay of Napoleons formations advancing on our heroes. What is this guy talking about you think.
Well, you wont have any problem remembering what a turd the last half was. One of the principal reasons was a concentrate loaded ship sailing from the port a few days after the December book close in January. That means this cargo will be credited in the March quarter, income wise, associated of course with a reduction in concentrate inventory. Thats a $35 million dollar credit, so whatever has happened this quarter will not fall into another income pothole. If the usual March quarter shipments occur as well, they may be short by one, into the June quarter, it will be an upjag in cashflow. No baliffs knocking at the door. Wont have them anyway because NO DEBT.
Woo Hoo is this a b. bargain!
Ann: Update of Operations Underground Mine at Nifty, page-8
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