Ann: Successful completion of A$150M placement, page-95

If we look at the numbers... We took out a further $25 million loan after the project had started up and was allegedly well on budget. It was taken out as a safety net. So as of the last quarter we had $55 million in cash in the bank. So if you subtract the $25 million safety net then we made $30 million in cash since the beginning of production. No wonder Macquarie wanted their money. No one on here can tell me that there isn't something seriously wrong with th
e numbers and if you noticed our production was down around 9% in the last quarter compared to the first quarter and the plant wasn't running fully through the first quarter. Oz might be up but the production was down.