sorry i also have to respond again to this statement
"Secondly, I am quoting the 250k BECAUSE the plant is an asset, the pipes etc are all RE-USEABLE. they CANNOT be attributed to CASH BURN as you are making them out to be."
Buying new drilling machines cost the company money. That means the machines go through the cash flow statement. Dont buy more machines and no more cash gets used up. Who cares the drilling machines can be used more than once, im not disputing that. You use cash buying them, and you recieve cash when you sell them, that goes through the cashflow statement. They are part of the cash burn when you buy, and the cash accumulation when you sell. Sell the machines if you want to keep the cash burn down? Thats part of the growing pains mad is experiencing. I have a business and know the feeling
FDM Price at posting:
89.5¢ Sentiment: LT Sell Disclosure: Not Held
