catalpa, page-5

Interesting point on projected cash outflow.

I guess some is mine cash costs at Cracow say about 5 m but rest must be Edna May production.

This quarter, everything included, cash flow balances out.

Next quarter looks like it will be cash flow negative unless big turnaraound in Edna May production and costs.

I don't think the company has been very open about this, and the attempt to hide the Edna May production costs has left me with no option but to sell.

Happy to buy back when I see situation improve. Yesterdays investor presentation looks good but its mainly about what they're gonna do.