'Cash on hand at 30 November 2009 was $22 million. finance lease repayments the company was left with a net operating cash outflow of A$0.2m for the quarter and a net increase. Yet cash held of A$16.1m for the quart.' Made a operating profit of $200,000 yet $6 million spent in debt. How much more debt.
'During the quarter an alternator failure on one of the three Caterpillar 3MW gas power station generating sets has required the running of the backup diesel power station. The consequences of the loss of the gas set was overall reduced station capacity which at times affected the milling circuit, with a reduced throughput of the lower grade stockpile material.'
Why did rabitoh get 9 votes for a crap post. Was these 9 votes from people in the the know. This stock stinks of corruption, ASX should throw the book at directors, shareholders shouldn't have to get price sensitive news from HC.
AXM Price at posting:
2.7¢ Sentiment: Sell Disclosure: Held