Unfortunately it is not a good report - the Appendix 5B that is.
Money has moved around which makes it difficult at a glance to review and compare to previous reports and expectations;
Customer receipts appear abnormally lower than expected given 6,905 Oz produced and the sales price of $2,346/Oz;
Directors or related parties payments increased - now $1.28M, and probably rising next Qtr;
Nothing on loan repayments; and
Less than 2 quarters funding available for future operating activities (excluding loan repayments).
I am sure there is a good explanation, but it is not in the report.
It appears to me that the lake is draining, so I'm out.
Unfortunately it is not a good report - the Appendix 5B that...
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