moorookamick the 2010/2011 annual report states a $19 million...

moorookamick the 2010/2011 annual report states a $19 million profit after tax.

The 2011/2012 Dec half yearly report states $10 million profit after tax.

What am I missing? I think SP is correct to state that Integra has been operating profitably.

What I'm curious about given current and projected profitability is what this capital raising is going to be used for - they've been pretty non-specific about it. Are there issues with the mill, mining or grades that need attention and are going to impact bottom line (i.e. is there more to recent mill problems than meets the eye?) or alternately do they have some other significant expansion step in mind (e.g. mill expansion, corporate acquisition, new developments (Aldiss?) etc.).