"Despite the fall in metal prices, no material change is...

  1. 92 Posts.
    "Despite the fall in metal prices, no material change is expected to the cash balance position for the June quarter with the June cash on hand forecast at approximately $75M (subject to the timing of concentrate shipments)."

    Sounds like a good report, but Helloo...... Last quarter cash was $85.5 !!!!, Its down another $10 million.
    If we look at the above quote, that subject to the timing of concentrate shipments, so what we would think that cash on hand will probaby less than $75M despite the manaagement is boasting about its strong production and $80 million on the money.
 
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