ronraine, i think you are spot on. a gold star for you young...

ronraine, i think you are spot on. a gold star for you young fella.

Cash opex were declared as $1,024 per oz per act stmt. i.e. Opex per oz method - $1,024 x 4,107 oz produced = $4.202mill

Total declared as PAID during the quarter in 5B = $1,610,000.

So.... which is correct? I think they are both correct.

That's a differential of a lazy $2.6mill that is unpaid.

Perhaps some of the Opex is hidden in other expense catergories, but there is no way that they have managed to cover all costs for the qtr.

So creditors must be higher now than @ 30 Sept. Great, just what we needed to see.......

Looking forward: production costs est. at 4mill for Mar qtr - that, when extrapolated @ 30,000oz p.a. is $533per oz. So the question is - are they expecting to produce at that cost? or are they planning on adding to the creditors balance? Is it an admission of not expecting to pay future bills on time? Am i reading too far into this?... :)

I think ASX will be looking at this carefully. If they do not then they are doing A1 shareholders a disservice.

cheers
Split