re: Ann: First Quarter Activity and Cashflow ... My reading is that Cash Outflows are just that, they do not include Receipts (or Cash Inflows). The MD has stated on more than one occasion that ORS should be cash flow +ve in the December quarter (see transcript of recent FNN interview for one). I think you'll find that sales of gold plus reimbursement for 50% of production costs (as per agreements with A1 and UML) will safely see ORS in the black without any raising.
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