Carnilya, according to the blurb will not be cash flow positive...

Carnilya, according to the blurb will not be cash flow positive until mid 2008.

Nobody can presently say when Bronzewing will be cash positive.

We may well run out of cash again if Bronzewing does not come good shortly whilst we must still meet our share of Carnilya's capital commitments.

Theoretically we could need another fund raising , subject to someone being prepared to stump up the cash.What price would that issue be at!!!!!!

Perhaps the lesson here (with the benefit of hindsight) is a junior company should only attempt ramping up a single project at a time.

If the worst case scenario becomes a reality, well lets not go there just yet........Maybe Carnilya will need to be sold or Bronzewing halted. And it all looked and sounded so good only a few months ago.