I don't think its that bad..
Sept Quarter Activites Report - $6.1m revenue
Cash from sales - $5.2m
Depending on the payment terms, they should have almost $1m coming in Oct/Nov. I see this as just a timing difference.
Looks like im breaking open the war chest tomorrow.
Gold is expected to climb, cash costs will remain the same or fall (margins at 40% or better), if worse comes to worse, now that they are producing, I am sure they can come to some sort of pre-sale arranagement with buyers to improve cash flow.
Ann: Appendix 5B , page-7
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