bloodbath, page-40

Don't want to rehash what you guys already know but my main points are.
NEGATIVES

Last Q they produced 51 ounces of gold and 48 ounces of silver raising $81,000. My wife has that in her jewellery box. They have $2,000 in the bank and projecting cash burn of $740,000 next Q so they desperately need to add a zero to their last gold/silver production. Note , Tracey says they are confident of exceeding last production...should bloody well hope so.

This latest Rights Issue raising $1.2 mln...a good chance there will be a shortfall but thank God SP didn't fall under 2 cents -maybe Tracey & directors were buying more there as support?
Money raised with $480,000 paying off director loans, $200k on a 2nd hand excavator and $200k on exploration, I didn't know binoculars cost that much. You guys are just paying back the directors.

They also say they may(read will) need to raise further funds...no wonder the Auditor treats them as a "going concern."
Relying on one project, Edie Creek these guys are certainly a one trick pony , trick being the operative word.
Got the wet season now until March and 14 months later still no mains power so these guys really need to pull something out of their ass.

Monday Ann' will be key then on 24th trading in new shares starts. If they can hold above 2 cents then there is hope but hope áint a great trading strategy.

IMO would rather be in Mincor...jeez that was 90 minutes of my life I can't get back..... that was just for you Speccy. Now I see why you prefer trading FX.