loki i rang yesterday and asked the question about costs for...

loki i rang yesterday and asked the question about costs for simberi and he said as "per quarterly statement". not sure what that means really but presentation says cash flow positive fourth q 2014. thats a long time losing money when gold price is plummeting. i must admit it looks dire for those mines pacific ridge and simberi with gold at 1265. i had a buy rating when gold was over 1300 US but i think i farked that one up big time. im not sure going forward in this gold price enviroment how sbm can stay afloat without a capital raising next year or at the end of this year. that moody's downgrade didnt help sentiment either i must say. spokesman did say that they wont need cash raising this year but its too risky a bet for me. hopefully gold price rebounds for holders.