ALK 0.99% 50.0¢ alkane resources limited

YOU ARE MISLEADING at best, LYING at worst. The NR...

  1. 1,239 Posts.
    YOU ARE MISLEADING at best, LYING at worst.
    The NR (QActivitiesR) reads on page 1: "Site cash flow for the quarter after site operating expenses and development expenditure was $2.45M."

    In other words, our goldmine is profitable even for this quarter. ALK as a whole is cash-flow negative atm, due to heavy spending on the DZP (including 4 mio to acquire some land).

    For the first half of this financial year, Tomingley brought in 12,5 mio cash. That equals 25 mio for a whole year, perfectly in line with guidance: "Production for FY16 to date is 35,136 ounces, within guidance, and site cash flow totals $12.55M"


 
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