I was confused as to where the debt reduced by that extra $11.5m mentioned in the annual report.I thought it must,ve been income from july,august,some of sept. until i saw US $ recieveable of $13.5m in annual report(2009 1.5m$).
that means that debt reduction was most likely from money due ex june year and not this 3mo to sept.
if my reckoning is right and production is the same as last sept quarter 600k+ tonnes at $110 or more,maybe we've already earnt our next 15c per share and noble debt must be all but gone.Ore price is still up there for the last three months according to AGO's latest presentation.
Be really nice to know 3 mo production figures to sept.
Then again i could be wrong
DYOR-my maths aint great.
I was confused as to where the debt reduced by that extra $11.5m...
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