half year financials, page-2

The part that scares me is the Near 7 million blowout in payments to suppliers and employee benefits. This indicates to me they held off on payments to suppliers in the previous 6 months till the last capital raising was done then used that to pay suppliers mainly. If the current spp fails and they are still bleeding , they are in big trouble. How they can state that they are Profitable is beyond me. Sure the cost of mining a richer pod of ore in a stope may be profitable but if the cost of development to get to the next min able pod is greater than the cost of income from the already mined pod then you are not profitable at all . Spin Spin Spin , a bit like Towseys resume. They need to get results on the board and get them now.