Good points James,
I'll need to research more into their cash position and acquisition history, especially with the price of capital going up. They really do try to obscure their negative cash flow position, which some may say is a bit disingenuous. I guess what they are trying to say in the below is that costs are flat, which is a rather positive spin for what looks like -$7m negative cash flow position for the quarter...
Definitely a lot more for management to accomplish here that isn't a given.
I saw this on one of their reports this year and maybe felt some sense of pride to be a shareholder. Not often you feel that way while investing... :/ Just my 2 cents.
Ann: Quarterly Activities Report and Appendix 4C, page-5
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