E25 5.66% 25.0¢ element 25 limited

Ann: Quarterly Activities Report, page-112

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  1. 3,781 Posts.
    lightbulb Created with Sketch. 331
    So you are doubling down on your dishonesty.
    The cash out to the mining contractor is based on the BCM produced not the ore sold.
    We don't know how much waste was removed.
    We don't know how much stockpiled ore/ rom feed/ Mn stockpile there is.
    We don't know payment terms and other items which effect working capital.
    For you to completely ignore all this is just dishonest.
    Writing capital is a one off cash out. For you to treat out as ongoing is dishonest.
    We know the cash out, cash in and ore sold. Don't make claims that we know much more than that.

 
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