cash flow, page-4

I have no desire to make excuses for PLV as I am just TOO angry with their poor performance and tardiness, particularly in relation to the mining and profit targets they set in the Oreology report. All this on top of their disgusting lack of transparency.

The mining targets they advised (and did not achieve) should not have been hampered by the corporate difficulties they had, but they still couldn't achieve.

So, re the poor cash flow for the quarter.
The quarter just passed was always going to be the lowest profit quarter in the project. This I understand is due to the start up of stage 4 mining and the very large amount of overburden soil that had to be removed from surface. In addition some revenue for some shipments would have been collected previous quarter.

They are way behind anyway, and, IF they do get their Cockatoo act together future quarters should be substantially more profitable.