treasure island update , page-15

Wow FML with a postive increase in cash at hand for the June quarter. Wouldn't that be a treat!

175,000oz producer that actually makes money? Geez, even the share price may go up.

Of course FML already do, I forgot. Sorry, last half yearly FML had a NPAT of $2.3m.

However looking at those figures you quoted-

Sep-11 Qtr
Net increase (decrease) in cash held (19,353)

Dec-11 Qtr
Net increase (decrease) in cash held (5,031)

NPAT of $2.3m with a decrease in cash at hand of $24.3m. LOL!

Of course, of course, expansion into a rising gold price and all that. Toot toot.

What was the last raising for? Oh that's right, Coolgardie ramping up to 130,000oz/pa. How did that work out?

March 2010 - production 27,793
March 2012 - production 21,853

FML hasn't surpassed early 2010 quarterly production figures and yet has capitalised a lot of cash burn.


So, whilst you may personally use the words "expansion" in a flattery manner, I feel that if it happens, it will be for reasons other than you imply - Christ that doesn't even make sense. Nice bait though. :)