Ann: Quarterly Activities and Cash Flow Report, page-4

VMC need to worry about there own internal biz before coming at SPX

Goals kicked by SPX and also watching costs (See below) - Great job team... VMC might need to pull in the corporate credit card expenses, or take a salary cut boys, some bigger costs to come at them around the corner IMO.


VMC REPORT ---
1. Cash flows from operating activities
1.1 Receipts from customers 523 523
1.2 Payments for
(a) exploration & evaluation (558) (558)
(b) development - -
(c) production - -
(d) staff costs (251) (251)
(e) administration and corporate costs (368) (368)

SPX REPORT ------
1. Cash flows from operating activities
1.1 Receipts from customers
1.2 Payments for
(a) exploration & evaluation (2,005) (2,005)
(b) development - -
(c) production - -
(d) staff costs (187) (187)
(e) administration and corporate costs (115) (115)