Some numbers I have taken from the quarterly reports.. DYOR on...

Some numbers I have taken from the quarterly reports.. DYOR on the numbers.. 

	Compare Quartly	Sep-18	Dec-18	Difference	Mar-19
1		$	$
2	Reciepts	$14,263,000.00	$27,419,000.00	$13,156,000.00
3	Production	$11,392,000.00	$23,355,000.00	$11,963,000.00	$33,000,000.00
4	Staff cost	$560,000.00	$1,300,000.00	$740,000.00	$600,000.00
5	Admin cost	$540,000.00	$497,000.00	-$43,000.00	$500,000.00
6	Interest	$54,000.00	$111,000.00	$57,000.00
7	Finance paid	$839,000.00	$851,000.00	$12,000.00
8	Other	$1,000,000.00	$220,000.00	-$780,000.00	$2,500,000.00
9	Property, plant, equipment	$1,000,000.00	$1,060,000.00	$60,000.00
10	Exploration cost	$1,760,000.00	$194,000.00	-$1,566,000.00
11	Mine under development cost	$28,054,000.00	$5,584,000.00	-$22,470,000.00	$6,600,000.00
12	Revenue from inventories	$423,900.00	$0.00	-$423,900.00
13	Proceeds from issue of shares	$19,227,000.00	$4,957,000.00	-$14,270,000.00
14	Transaction cost issue of shares	$1,208,000.00	$244,000.00	-$964,000.00
15	Proceeds from borrowing	$352,000.00	$0.00	-$352,000.00
16	Repayment of borrowing	$558,000.00	$2,201,000.00	$1,643,000.00
17	Cash	$18,304,000.00	$15,730,000.00	-$2,574,000.00
18	Loan	$72,463,000.00	$70,124,000.00	-$2,339,000.00

The mine under development cost are killing this company from being cashflow positive.. I think after next quarter this should significantly reduce allowing more cashflow. 

I also think that the loan they received from NRW will be used to pay off our original loan of 70m as it stands or a CR will be used..

Time will tell DYOR.. still another quarter or two away before we have a turn around.