full year statutory accounts now out , page-2

For the 5 months from February to 30 June they produced 33,068 ounces of gold of which they have sold 28,364 for which they received just over 23 million.

Loss for the year was 9.5 million.

So if they can get to the 84,000 ounces production and sales then annually they will receive 70 million or thereabouts and hopefully start returning a profit.

Can't say if the report is good or bad because only 5 months production but expenses are for the full year, but need to see them getting more revenue to at least cover their costs.

Fact that they raised 10M in August goes to show they weren't covering costs, so hopefully things will turn around.

The annual report is a historical document and the september quarterly due next month will be more important.

Did say an update in the groups reserve statement is expected later in September or early october.
Hope somebody else can shed some light.