Quarter ended 30th June 2010
Cash flow related to operating activity.
1.2 (c) Production (647)
Quarter ended 30th Match 2010
1.2 (c) (1,230)
Okay so for latest 3 months the production costs halved while production increased form $261,000 to $2,768,000
ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER
Production 4,120,000
Please try and reconcile this as I can't.
DO I BELIEVE THIS?
What is the creditors' position.
Were creditors promised payment once funds were raised? how many more employee and other shares are to be issued to cover costs?
Cash flows related to investment activities
March quarter
Payments for purchases for other fixed assets (3,312)
June quarter (4,079)
What are these ..... incidentals?
Administration costs halved this quarter?
March quarter (696)
June quarter (320)
Next quarter est (458)
How much is owed? to staff for June quarter?
June quarter
Cash flows related to operating activities
1.2 Payments for (a) exploration & evaluation 169
this is a credit (payment received)
I guess I am having trouble reconciling these accounts and making sense.......says he
Bottom line without the .5mill giveaway sale to Regis AAM would be broke.
The next 3 months doesn't look financially terrific to me.
I would like TO SEE THE BOOKS!
I would like TO AUDIT THE PROJECT.
hcmif.... what fairies are you talking to :)
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