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.
I don't think its that bad..Sept Quarter Activites Report -...
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4.5¢ |
Change
0.001(2.27%) |
Mkt cap ! $23.67M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.3¢ | $7.303K | 162.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1151047 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 250000 | 1 |
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