SP"Net operating cash flows for the 9 months ending 31st. March...

SP

"Net operating cash flows for the 9 months ending 31st. March are $52.8 million and total operating and investing cash flows just a token $13.5 million."

Why would you include the March quarter figure as a basis for making any decisions? Same goes for the June quarter figure.

Why not work out what normalsed cash flows might be? The figures in the half yearly accounts to 31 December give a far saner picture of things than what you suggest. - see

http://www.asx.com.au/asxpdf/20140313/pdf/42nbyhrxm13r93.pdf

That shows net operating profits at $103m, of which $100.5m was spent on investments. Pre tax profits of $65.8m, after tax profits of $45.7m.

The fly in the ointment is can they get back to ore grade levels and gold recovery rates originally planned, and costs/ounce?

loki