"Combined cash on hand and debtors at March 31 2011 exceeded US $22 million dollars"
(March US 11.4 million
the company had outstanding trade debtors of (March US $11 million)
11.4+11 = 22.4
22.4 is exceeding $22m. Sounds like the truth to me.
I see you are still campaigning about the convertible notes. The most obvious issue to me seems to be production underperformance.
June haulage was 50k tonnes when the forcast was 76,000 tonnes. They are still forcasting 79,000 tonnes hauled for August...so if they can do this I guess we'll be back on track...
I'll be waiting for a production update from them showing that they are on track for 79,000.
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