ago has great management?

The cashflow report can be misleading.

Production and administration costs well and trully exceed Receipts from sales to the tune of $1.5 million.

On the surface this does not bode well for the company.

One can use the "maths 101" formula as referred by oscarWon sometime ago to determine that AGO is producing iron ore at a loss.

However, as the report relates to cash flows, I would suspect that expenses for production and administration costs incurred in the December quarter relate to revenue received in the March quarter.

This is why the half yearly report will shed more light as AGO should report on an accruals basis.

So we wait...............well I do.

In my opinion AGO needs announcements to get the share price moving north.

Also remember that AGO states that is "planning" to export so many tonnes this year ec etc. This very rarely translates into fact. Many junior companies like to announce to market exciting news for obvious reasons.........there are lots of options on issue.

I look forward to others views.