After being temporarily turfed from his offices on Melbourne's Collins Street just before Christmas, Pollster Gary Morgan, may have been hoping for better news from the gold miner which has soaked up the fortune he made from Roy Morgan Research.
Haoma Mining's quarterly activities report, which was released Monday, certainly had some promise.
For the moment, let's overlook the $1.83 million before tax loss for the three months ending December 31, and the fact that it burnt through $521,000 of operating cash for the quarter, leaving it with $15,000 cash.
Haoma said its first production run at Bamboo Creek Pilot Plant "has been successful".
The revolutionary extraction method, which is provided free of charge by another Morgan company, Elazac, has produced a bullion bar with 195 grammes of gold, it reports.
Which means, any day now it might be able to address the $63 million mountain of debt, and accrued interest, it now owes to Roy Morgan Research.
