Ann: Quarterly Activities Report , page-2

A lot to read and digest here. A welcome change.

Among the items spotted was the need to get alongside their electricity supplier to ensure greater reliability. There are enough issues to deal with without having infrastructure added to the list. At least it looks like its being addressed.

Liked this bit:

As at 31 March 2012 the Company had A$368,000 cash at bank. During the March Quarter the Company raised: A$825,000 from the exercise of unlisted options; and A$453,000 from
a loan on commercial terms. As discussed above the Company also received US$4 million from gold sales during the March Quarter. The Company is now shipping gold doré weekly
and believes that future production will generate sufficient cashflow to pay its operating costs.

Hopefully no more capital raisings to further dilute.

A lot more to read but gut feeling is very positive. Glad I held out.

Keen to hear from others what they read and liked / didn't like in the ann.