g'day bizzo, my thoughts; i am unsure if any debt has been paid off during the march quarter, i would presume not or else it would have been accounted there, as per my post on the other thread with costs, well initial costs per ounce way up that indicates to me most dollars were spent on plant, development and optimisation etc, they did though account that they had 40k more in cash than at the start of the quarter, its nothing but it means they did make money somewhere.
i would also think there is still gold trapped in the circuit however my thoughts are (as stated previously) this would fluctuate from month to month and i don't believe the whole 10k ounces would be trapped however i guess we need the april update to confirm what exactly is going on there.
i see the valid point your making and hopefully we'll get a bit more clarity soon but imo they must be pouring the majority of it.
cheers Davo
AXM Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
