catalyst for movement, page-17

Alex

I agree whole heartedly.

Now we have a pretty good update and quarterly OK ... that's what I'm holding for bearing in mind that post dilution, all I can hope for is to get my money back on expected results.

Key points for cash flow.

" Cash expended on both regional and underground exploration totalled $1.0M for the quarter. Ballarat mine development,associated fixed assets and general mine site costs relating to the resumption of mining at Ballarat totaled $13.1M.

The company sold 2,309 ounces of gold in the quarter, at an average price of A$1,673 per ounce, generating $3.8M in
revenue.

The company had cash on hand of $16.3M at quarter end."

Yep . . . they got some gold and this is helping. Also the overall grade including commissioning ore of 3.4g/t would just about cover operating cost.

New money may of course ignore the previous argy bargy and poor announcement timing ... and consider this a cheap play lol.

cheers