announcment out, page-7

s58,

Good to see people looking for positive cash flow, if that is the case, but if they are not doing some number crunching of their own, and adding in recievables then they are fools. For many misreading in this manner, perhaps simply trying to review too many reports too superfically.

Same can be seen with the likes of AWE,PPP and NZO,COE and SAE in the midst of major production steps up. A few companies spell out their cash plus receivables, many however leave it for the lazy to overlook outstanding receivables.

Anyway metal stocks are looking better today, even if many oilers are subdued. Perhaps people are finally starting to notice that even with $100 oil most small/midcap oilers don't mint money.

EL
Discl: Have sold some recently despite a LT buy sentiment - portfolio risk reweighting.