Ann: Bauxite Hills August Production Results, page-9

Further to Windypt some readers of the financials are missing the fact that this report only compares the first six months of 2018 to the same period in 2019. $14m loss last year and now a $8.6m loss in 2019. Consider the shut down period is in this part of each year. The reduction in equity between the two 30.6 balance dates of $8.451m is explained by a small profit in the 6 months to 31.12.18 of about 150k. The movement to owner operator and increased production rates should be reflected in growing profitability from here on.