If you are going to post on a company in which you are not...

If you are going to post on a company in which you are not invested then you need to get the numbers right. Cash  on hand at end of Sept Q was A$18,594,000, not $12mil. While I agree the cash position will be reduce, probably between A$5 mil and A$10 mil, it won't be wiped out. I've been invested in Red for six years now and one thing I'm sure of is that they manage cash extremely well. I've been wrong many times trying to predict gold production and cash positions. As investors we only get a thumbnail sketch on what is going on in any company. Having said that, we know that management has the mill pumping over a million tonnes of ore per annum, if they start mining the high grade ore from Oval West, IMO, the effect on cash flow will be minimal. I'm predicting around a A$10 mill cash position at the end of Dec Q.