re: Ann: Tiger Resources March 2013 Quarterly...
After reading the qtrly I am somewhat confused
You start with cash on hand from last qtr of $35mio, then you have revenue net cash flow after expenses of $25mio, so I'm at $60mio, then they say they had abnormal outflows of 30mio for capex, royalties and tax. That takes cash on hand at the end of qtr of $30mio. They are at $19mio. Can someone point me to the missing 10mio in cash or are there hidden costs of this magnitude that they think the market will overlook........ If I'm right something fishy is going on here.
TGS Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held