Ann: Quarterly Report December 2012 , page-3

Yeah I don't know what the hell they do with the cash, it keeps going down instead of up.

"Major cash movements during the quarter related to
positive mine operating cashflow of $6.1M, capital
exploration expenditure ($5.6M) and changes in
working capital and other corporate expenses
($0.5M)."

Nice, cashflow 6.1, exploration $-5.6, corporate $-0.5 = $0

When everything is added up, it equals $0. How perfect. Why is the bank balance down $3 million?

They should add exploration to their production costs because finding it is the first part of production. Amazing that exploration is costing $500 to find 1oz. I really do think their exploration expenses are way too high.

This mine is not generating money, it is just treading water. When everything is added up, it all equals $0. This is very unacceptable, they have had plenty of time to get this mine making good money, but they let it get eaten up all the time.