spp raises 1 million, page-13

Katumbus

how can you say that they are cash flow positive. somewhere in the company reports, the company mentions, that at about 40,000 (or was it 50,000 oz) oz per annum - that the company will be cash flow positive (or something like that). 5000 oz per quarter, simply does not cover all costs (eg development costs, admin, capital expenditure etc, and a whole heap of other costs.

if the company was expecting 6500 oz, for the quarter, then this would have been announced to the market. on 16 dec, 2009, the company managed to give an update, on operations at charters towers - and even that was a joke - when they claimed that the expected production was now going to be 5000 oz for the quarter - but when the quarterly came out, they managed to claim that production was 10% higher than expected - lol, they , most likely knew on dec 16, that production was going to be higher than 5000 oz.

lol - but going back through the reports, and somewhere, there is a comparison made with kalgoorlie - and from memory, it had something to do with charters towers , being bigger than kalgoorlie. what a joke - but if it was bigger than kalgoorlie, then why is it, that they produce no more, than a small mine