Their accounting is exactly how it should be. Have you read the...

Their accounting is exactly how it should be.

Have you read the consolidated statement of cashflow?
Here's where they are deriving their cashflow from

+57mill inflow from operating activities,
-35mill for expenses and exploration
+76 mill from issuing equity
-46.5 mill nett for repayment of borrowing, bank charges, intere

= +$51.5 mill increase in cash and cash equivalents.

Thanks for your info re amortization though.