I don’t deny some of that, however I think you will find the big...

I don’t deny some of that, however I think you will find the big part of last years cash burn was the block 9 bond lodgement wasn’t it ? 

Also are you aware of how the fiscal make up is for Santa Cruz ?  Cash outlay  should be negative on that now as it should all be cost recoverable , also cash should be negative on block 9 as AGMI have taken on all costs from Jan 1st.

I expect this years G & A costs to be significantly lower , unless we dual list, which if we do should be compensated by the exposure and new appetite resulting in a play off against larger G & A

Not really helping matters us talking the company we hold shares in , but I can’t disagree with some of what you say..

However  I do not believe Cadence are making money selling down here if it is them as you suggest , they bought in at 1.4 - 1.8 I believe...

the SP Spent more time between 1.5 and 2.4 last year than it did at sub 1.5 ! So no , I believe we are again being played by rinse and repeat traders looking at the 0.2 c profit.

All in all its pretty pathetic I agree , nothing is happening to turn the corner, however I have more optimism than you , If I didnt and I felt the way you obviously feel about the whole set up I would be selling here.

What  is clear that this stock is going nowhere it seems atm and management have a mountain of work to do .

No one is buying the story ,not even the homegrown Beehive one..

Their cash position once the debt is rapaid is key.

Company needs to come forward imminently with updates .