If Matt is correct and we have a negative cash flow for the quarter, then that also means the same for the following 4 quarters since circumstances will largely be the same. The upshot will be we won't be in a very strong position to bargain for favourable terms re a loan, and any loan will need to be substantial to make sure we get Federation up and running, allowing for a 'margin for error'. The only hope here is that Matt is making a slight miscalculation and we have a positive cash flow. If anything untoward has happened (eg Dragues having issues, or its gold grades declining even further) then he is probably right. There is one other possibility 'for evading Matts prediction and that is Chesney East. Remember we hit some very good gold grades (eg 9m @ 21g/t) that were announced on 20th March, and these started as close as ten metres from the current decline. It might prove a stroke of good luck that saves our bacon. Here's hoping. I agree communication on the loan has been a let down that would irk many a shareholder.
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