cash for production set up, page-8

Ok for good reason i have added no net income. Why?

Simple this company loves to go on about how the forward drills are fully funded Correct. note they never use the words fully paid for. The september quarterly was disturbing.

This one is intuition not based on hard evidence. I went conservative.

Now the people who have an intimate knowledge of the financials is the people inside the company. The same people who fronted up to the AGM and said ...can you vote for us to raise more capital. Hell if this is swimmingly cash flow positive who needs a raising?

Im getting a bit jaded as all can see of the backslapping this is gonna be great if those horrible sellers just wake up. They are selling in volume for a reason.

i worked at MacBank, I know their attitude to a rotting corpse. Cut and run and take as many fees going in as coming out. Ruthless beyond comprehension. READ they are not selling to come back in at a lower price or to participate in a capital raising ( yeas rob My opinion). They are getting the hell out with some loot before there is more script on issue than we could all imagine.

Flux