Ann: Ivory Coast Milestone Reached and Next Payment Received, page-19

FLC has been cash flow positive 9.3m USD over the past 12 months (from operating activities) which will improve again this quarter. It is also on track for EBITDA positive second year in a row. Obviously share buy backs is not a good idea given IC outflows and growth requirement in SPS for sustainability post IC but this company is no longer losing money hand over fist quarter on quarter. It is in the strongest position it has ever been and the share price remains near all time lows. I'm not surprised to see absurd suggestions like share buy backs given the absurdity of the market cap.