AYN 0.00% 0.1¢ alcyone resources ltd

ramping up production, cash flow & exploration, page-25

  1. 24,765 Posts.
    "...now we are producing , some of the revenue should be put in the kitty."

    Mack111, your post gives the impression imo that AYN is cashlow positive and so could put some of their revenue "in the kitty."

    Did you check AYN's March quarterly cashflow statement before making your post.

    Exploration and evaluation expenditure was a token $289,000 for the March quarter but there was still a net operating cashflow deficit of over one million dollars.

    So as far as I can tell there was NOTHING to put in the kitty.

    (PS: I wasn't going to make another post today, but I read what you posted and it just appears plain incorrect based on AYN's March quarterly. Maybe it was the way you worded it?)
 
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