MJ1, davo, etcI believe that to correctly report in accordance...

MJ1, davo, etc

I believe that to correctly report in accordance with ASX listing rules under accrual accounting provisions, any unpaid contractor invoices for the June quarter that are carried over into the September quarter would be included in the June quarter consolidated cash flows on the production payments line. Actual cash on hand at the end of the June quarter would have been higher to this extent and reported cash on hand adjusted to properly account for these future payments. This should therefore have no affect on the September quarterly cash flows.

The company should be cashflow positive in the current quarter if sufficient ore is processed to generate the revised forecast production figures.


Stagman