Magix 66 do you even read the announcements or do you just go straight into down ramp mode.
page 8.8 of the announcement
Question 1
Does the entity expect that it will continue to have the current level of net operating cash flow
for the time being and if not why not.
Answer
The company has experienced improved net operating cash flow during Dec and Jan compared
to prior periods and expects these improvements will continue through the March quarter.
Concentrate sales of $500,000 related to the quarter were received in early January as a result of
contractual timing issues .
Question 2
Has the entity taken any steps or does it propose to take any steps to raise further cash to fund its
operations and if so what are those steps.
Answer
The company does not have any immediate plans to raise further cash to fund operations,
Question 3
Does the entity expect to be able to continue its operations and meet its business objectives
and if so on what basis.
Answer
The company expects to continue its operations based upon improved operational performance
and sales revenue.
So no credit raising and onward and upward from here.
Magix 66 do you even read the announcements or do you just go...
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