Ann: Quarterly Activities and Cashflow Report, page-7

The reason the loss only appears as $48,000 is that they received the $644,000 returned from escrow re the San Santiago purchase. That was a one-off and won't be there to prop the figures up next quarter. This is frankly a very bad quarterly result, no matter how good the excuses. For sure I feel like a dickhead for putting money into this company but I presume nowhere near as much as the management of Silver Stream, who at first were insisting on multi-thousand ounce quarters as a condition of their payments, before waiving it, presumably because they believed the company's hyped-up predictions. It's as well we're in suspension because otherwise it'd be a sellers' picnic on Monday - if they could find buyers that is.