Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-57

Thanks for that info... nuanced indeed, clear as mud. Happy to be corrected, though it rather goes to my concern that the shuffle of costs between Mar and Jun Qtrs is a red flag. In my experience, when a company's own definitions and numbers starts getting shuffled and comparisons between reports become almost impossible to accurately compare it's usually because there is something to hide. How do you explain Mar Qtr's 'Op Costs' and 'Revenue (P&L)' both at $44M and excluding the $3.5m Lease Repayments change into the Jun Qtr...?


Anyway, happy to accept Bridge St's cashflow table with the addition of interest & Orion debt repayments, with the objection to their over estimating NMag-con production. Looks about breakeven to me, so happy to accept KMS does not need short-term Cr for working capital as i said, subject to no major downtime issues.

Cheers