1 of my biggest concerns regarding all these options exercised... is that it will hide the true cashflow of the company.
Remember all those diamond sales, and the scaling up to 20,000BCM etc... well the problem is, there has still been no release of mining costs. Great LOM sold $5m worth of diamonds... but how much did it cost to get it out of the ground?
So I am just really worried that they are going to have the Financials showing all the income and costs together, and the only way to try and know the running costs, is to do some deep investigation into every ANN, every option exercised, every CR, every sale and so forth... and even then it will be a guess.
Why can't it just be as simple as
Hey guys, these were the Diamond sales
these were the running costs
these were the profits.
but remember we are still exploring, so these are the exploration costs
and the admin costs
and the "other african office" costs
So yeah...more money in the bank actually makes me ask "if we are cashflow positive, why would that be such a needed thing?"
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