re: report boyle Mrs Smith, I agree with you 100%.The viability...

re: report boyle Mrs Smith,

I agree with you 100%.

The viability of a business ALWAYS comes down to cashflow.

Everything else is just smoke and mirrors, businesses that fail always do so because of cashflow not profit. In my profession I have seen businesses that are very profitable go to the wall because of cashflow.

So looking at MSC i say this:

The quality of the assets, future prospects for the WA plant, holdings in Cominco & CCG, prospective fields in Eucla Basin are all irrelevant. They need cashflow before anything else.

They are spending $500,000 a month which has to come from somewhere. There will come a time when they won't be able to issue any more shares and then it really will be game over.

If they get a big order soon things will change, but until then i will not give the clowns that run the place another cent.