Rcman, I've been in this stock before and lost money on it, but at least had the sense to get out.
Talk of the positive cashflow or whatever does not mean the company is making money. They have left out D&A plus the $7m/qtr on capital spending/exploration etc. These are all costs and after you allow for them the company is losing money not making money.
It is why the share price is 2.2c and not much higher. If it was actually making money then there would be no need to give 70% of it away to the debt holders, and the share price would be far higher.
During the cap raise last year I kept stating that the numbers the company was giving did not show it was going to make money, and anyone that bought in is down by more than 50% and has been losing money the whole time, yet there were plenty of rampers saying the SP would go much higher than the 5c price of the cap raise. They have been clearly wrong the entire time since then.
As Parcs has stated they really need $70/t to survive and thrive, but $70/t is just not happening.
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