4th quarter activities and cashflow reports

Cash flow looks OK, improved in the last quarter.
Any accountants out there that can read and interpret for us?

The activities look interesting - a stake in Ngalia Basin.
5% of anything Paladin are interested in can't be all bad :) Paladin have a 41.7% interest, Energy Metals 53.3%

The market seems to have liked the news - spot price up a bit (+2%) but we need someone to pick these reports apart for us - put them in plain English etc.

Thanks,
Robert