I just got back from seeing "the hunger games", and after reading that cashflow, I goto say it STINKS. What happened to 300k outflow last quarter for administration(as outlined in the jan quarterly), and what is this "loans to other entities" of $490k with no explanation?
I understand that management has to go to bolivia, but 5 times the administration fees? are they flying first class? isnt it cheaper to hire a gold jet.
Then we have $1.1mill admin fees for the quarter coming up, and 500k for exploration and evaluation?? what are they exploring? dont they realise that cash is an issue. Quit with the ivory back scratches already, the ship is sinking.
The only thing that makes sense to me with management spending $$ they dont have like that, is they are expecting big money from the sale of Amayapampa, and are mighty confident in it. Either way I am changing my sentiment to none and reconsidering my position, the risk/reward profile just shot up.
What grates on me is when management running a company continue to pay themselves exuberant sums, when the company they are suppose to "creating shareholder wealth in" is on the verge...... What happened to ""fiduciary duty of care""?? (My apologies for the post before this one, i was led up a garden path by some shifty accountant reporting.)
republic gold limited enters non-binding sale , page-55
Currently unlisted. Proposed listing date: WITHDRAWN
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