indeed!
"The $5.5 million increase in the facility limit will be used to partly fund a $9.6 million, 4 year capital expansion program of the existing Palmyra (WA) based production facility commencing July 2011 and concluding 30 June 2015, with the balance of funds required being met from ongoing operating surpluses."
what "ongoing operating surpluses"?
they haven't made an operating profit yet despite significant increases in production.
even the so-called "maiden profit" from last year was actually a $3M operating loss offset against another $3.7M of losses from previous years.
Yet another loss for the most recent half year means it's crunch time now...IMO
what's gone wrong?, page-9
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