ORS 0.00% 1.3¢ octagonal resources limited

Retired Young, Not sure what your referring to regarding...

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  1. 3,595 Posts.
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    Retired Young,

    Not sure what your referring to regarding inaccuracies or lies, however before you can judge other contributors posts you made need to get up to speed on company announcements. The 2.3m included 1.259m in bonds for rehabilitation, so 1m cash effectively at 30/6/14. See Qtr4 Ann. Page 16.

    So, take into account cash burn Qtr1 and Oct costs, the fact that Staff increases and driveage costs to 1080 level it would be reasonable to assume that cash would be running low and some form of financing would be required. This does not necessarily mean a CR.

    Personally I consider the Ors reporting detail as far as explanation of mining process top class. I guess if individuals don't understand the detail it doesn't provide much guidance for them.

    Wassa.
 
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