mae full yr accounts just ann, page-11

jeeper,

fair enough pov,

http://imagesignal.comsec.com.au/asxdata/20090930/pdf/00993917.pdf

page 18

the financials arent so pretty, but we're in the jungle end and trying to get the monkey off the back atm,

a look at those finances.

my first glance, was how do you go from 7.1m (08) to 22.4m (09)?

A large part of that is

finance costs, +5.6m
Production expense +5.m
LEGAL +.8m
Salary and employee benefit expense +1.8m

Salary -did we have to pay out for any of the terminations earlier??

Finance costs is a killer, but so are my credit cards atm,

production, if they get the results, flows, to sale, it is par for the course, and necessary.

It might cut deep jeeper, on its first look, but you have to ask, is the patient going to survive the operation?

The raising, will hopefully get the debt fiance monkey off our backs, yes, some dillution, but what will the next years financials look like. Take away the large finance costs, and add to your balance sheet, some revenues next to production expenses.

another thought, the high aussie dollar atm, will mean that the US debt fascility will be paid off, with less aussie dollars.

I agree, its a bitter pill, on first taste, but are the current course of action goings to correct it?

I understand your reaction.

cheers