re: Ann: Quarterly activities and cash flow r...
I wouldn't be patting them on the back. They actually made $700,000 less in the last 12 months than they did in the previous year for an extra 60 tons of copper. This was the great ramp up, 60 tons more copper for $700,000 less income. There is absolutely NO improvement in the profit margin /lb in 2010 against 2009. Remember they bought new Cavo loaders to improve production.
What utter garbage "Prism Cement continues to progress government approvals for the development of the Sial Ghogri underground coal mine." What progress? There is no progress, the coal block is locked up in the No-Go areas and still needs a stage 2 Forestry Clearance. The Group of Ministers who'll look into the matter haven't even met yet. This could take 12 months, and then they have to get the mining Licence Once again they've announced a load of hogwash, but I'd bet all the Directors have picked up their fat paychecks.
At least we have a trophy now...
IRL Price at posting:
1.9¢ Sentiment: None Disclosure: Held