quartely results, page-5

I'm confused. How can they claim in item 4.0

"The Texas Mining Operations were cash flow positive for the
September Quarter"

when the App 5B states net operating cash flow of minus $666,000?

Does cash flow positive operations mean sales greater than production only cost?

Also, they sold 207000 oz at 31.80 = about $6.6M. How come there is only $5.9M in the receipt from product sales line?

Next quarter they are forecasting $4.649M income as "net proceeds from sales". The best guess for the Sept quarter for that figure is the $5910k - $5559k = $351k. Can't quite see where the extra $4.3M is going to come from next quarter.

June qtr forecast was for $1.025M in "net proceeds from sales". Can't say I can dice the Sept qtr figures any which way to get close to that number.

Not to mention the roughly 5% share dilution for a cash return of about 1.5% of MC at today's close.

Rapidly becoming disillusioned with this mob, but I've said it before, I'll say it again, for me this stock is purely a geared POS bull play. If it goes from $30/oz to $45/oz, we should see much more than a 50% return. If it drops to $20 expect to lose more than a third.