Ann: Quarterly activities and cash flow report , page-21

re: Ann: Quarterly activities and cash flow r... initforthemoney, just worth noting that IRL management talk about 300 tons/month as break even on all cost including HO.
How many times have they got to this magical 300 tons.
ZIP.

QUARTER Cu Tonnes Average/month

March 09 804 t 268
June 09 786 t 262
Sept 09 743 t 247
Dec 09 763 t 254
March 10 838 t 279
June 10 618 t 206
Sept 10 855 t 285

Average month 257 tons/ month NOT EVEN CLOSE

How can you operate a business for 3 years and NEVER make a profit?
I'm sure Arvind will tell you anything when we keep paying him $500,000 pa with NO ACTUAL RESULTS