what a disaster

Under the statement of Cash flow -

Current cash available $250K in Bank
Cash in deposits - $1.73mil

Expected cash burn next quarter is $620k - $290k for exploration and $330k for Admin expenses (expensive secretary)

ALSO - under 1.7 of the operating cashflow there is a positive income of $710k- whaere does this come from. What has PLATINA got that they have sold, rented leased or made an income from that was worth $710k in the last quarter. I would like this question answered. In the qtr ending 30 June 2012 there was no income posted in section 1.7 of the operating cash flows and there was zero income posted in section 1.7 of other income in the year to date. WHERE DOES THIS AMOUNT COME FROM???? I question the accounting methods.

What does this spell DISASTER. WHY

Platina is going to run out of disposable cash this qtr. They have deposits in the bank at call, and ths is what they will be eating into. At then end of this Qtr they will have 0 disposable cash and slowly eating away at cash in the bank. AND this means a capital raising and mass dilution. To keep this company going for 1 year we need $2.5 mill - at 5 cents a share that is 50million shares. 1 third of the company dilution.

In the activities report - just told us the same stuff we have heard - blah blah blah, however there has not been a mention of how a company with a $5mill mrket cap is going to raise $300mil to get this project off the ground. Where is the money coming from - who knows?

Don't be fooled - if this company wants more money DO NOT GIVE IT unless the DIRECTORS take a 50% cut in salary.

WE need a changing of the directors of this company.