ERL 0.00% 0.3¢ empire resources limited

Ann: Higher Gold Grade and High Gravity Recovery -3rd Campaign, page-27

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  1. 102 Posts.
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    Total was $13.5 minus payments of $5.1 equals $8.4 debt remaining. This corresponds with quarter statement saying the debt outstanding was $7.4 or something at December. Then on the 8.4 you add what you think is the mining cost for this quarter then apply the cash we get from from this campaign that just happened (after you take out milling costs etc) and that is why I keep coming back that I think they still owe BlueCap $5 or there abouts. This is one of the reasons this management don't have shareholder confidence. Information is delivered with only half the story and we all waste time trying to link it all up to get a clear picture. Which then in turn reduces everyone's confidence in what the true status is. I'm not saying they are trying to hide anything but it's rubbish the quality of information they share with us shareholders.
 
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