ok so another advise : be wary of "cash flow positive" statements from any management, only believe official audited cash flow statements (not even predictions from presentations, let alone marketing emails...). It could mean anything : cash flow positive from operations ? (gross margin positive) or from operations + Sales and Administrative costs ? (net margin positive) or from operations + S&A + all other investment capex outflows (exploration expenses, equipment acquisition...etc) ?
You should understand that usually when junior companies management state :"cash flow" they only mean they will be generating revenue even if they are loosing money per tonne produced, and when they state "cash flow positive" they mean from a pure operational perspective (revenue higher than costs of production per tonne but still no earnings/profits/income)...most probably BSM will become cash flow positive from operations by Q2 2019, but for profitability on the company level (including covering exploration costs and other expenses), we may have to wait for stage2 expansion by H1 2020.
Hope that helped and happy new year to everyone ! slow and steady wins the race dont let the share price and market sentiment fool you, we have made a huge progress since we acquired the graphmada project in 2016 ! cant wait for stage2 progress in 2019 !
