It doesn't look like cash is the problem. Annual report states cash balance of $8.397 Million as at 30 June 2011 and the quarterly ending September 30 2011 states a cash balance of $8.589 Million. Net change of approximately $200,000. Cash is there and available, in fact they are gaining it at a slow rate. Do you think it would be viable for the company to pay a dividend since it appears that cash burn appears to have disappeared or a company buy back of shares with the excess cash? Or do you think they have it there prepared for a mass amount of exploration / drilling? Thoughts please
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- cash flow positive!!!
cash flow positive!!!, page-10
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