Looks like domestic sales and export came in on the disappointing end.
net operating cash flow of 3.5m is abit.misleading IMO. To me it should be overall operating cash flows. Arguably adding back development costs if these are roodekop related.
Otherwise they've merely omitted admin costs, gst and prepaid suppliers (although prepayments should aruably smoothen over in dec quarter).. I dont think this is right.. with admin costs and gst it is baaically break even. Arguably the stockpiles rom and addition of export sales which didn't eventuate would spread the admin costs over a greater revenue base.
otherwise personally didn't think this lit a fire under the stock as many of us would have expected.probably explains the muted sharw price response.
UNV Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
