Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

Put yourself in Managements shoes. They have been under intense pressure from shares holders for a cash flow positive quarter. It is not an implausible scenario they resorted to my above comments to alleviate pressure.

The fact they have been excluding the details on how much has been stockpiled and drawn down has me viewing this with a lot of scepticism. Maybe it’s unreasonable to expect them to include these details but is what need to confirm if they will be cash flow positive going forward.

Not down ramping at all, my guess is they are likely cash flow positive. Regardless, the risk return right now with the current share price is very attractive.