UML unity mining limited

Yeah I don't know what the hell they do with the cash, it keeps...

  1. 837 Posts.
    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.
 
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