Ann: Appendix 5B , page-2

113k @ bank... that is sad news.

I really do hope A1 hits their projected ozs produced for the dec qtr, otherwise it could be very ugly soon. Cap raising here we come IMO - has to be - they need some buffer. They are yet to make a profit - what happens if this continues in Oct? potentially ugly situation brewing...

Clearly the creditors balance is still level or higher than the 6.7mill @ 30 June. That's some serious debt for a minnow.

Projected 'cash costs' for dec qtr dont even tally the 700per oz ave (ie $700 x 7500ozs = $5.25mill) so either they are expecting to be producing at a much lower cost, or they aren't planning on paying them all, or they are underestimating costs - take you're pick!

I've been waiting for that info before deciding whether to re-enter or not. No, not on those figures. Too risky IMO.

But... they are still digging, so there is a chance they can get on top of things again.

Projections are all up on current stats, but you need genitals of steel to stay with A1, so goodluck to you all.

BTW, I'm analysing without prejudice here, I sincerely hope they have an awesome qtr and get on top of things.

Cheers,
Split