Its pretty hard to analysis the cash position over just one quarter. Reported net cash balances as at 31/12 and 31/03 are just that net cash balances as at those dates. Reported revenue and exploration and development expenditures are accrual items. Actual cash receipts and payments will differ during a quarter as a result of the timing of receipt and payment of those particular items some of which would be received and paid after the end of quarter.
Regards
SP
what i want for christmas, page-17
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