i felt this one needed its own thread. It appears that mgmt have...

i felt this one needed its own thread. It appears that mgmt have kept this one quiet, that they had locked themselves into a deal that has not been making money, and they now intend to change it. But we've all been sitting back thinking it was a plus. Meanwhile........At what point should they have disclosed that the toll treatment was sliding into the negative? Geez, they must be having a laugh at our expense in Coolgardie......did La Mancha look at the contract and decide to process just low volumes of high grade ore?....laughing all the way to the bank?

"As discussed previously in the report, the Toll Milling campaign by La Mancha ran for 33 days. The revenue
generated by Focus from the campaign was based on a dollar per tonne rate and as such the revenue did not
match the ongoing mining and exploration expenditure at the operations during the quarter. As a result, the
operating cash deficit for the quarter was a net $(3,540,000) after allowing for exploration costs of $1,919,000 and
capital development of $4,901,000."