Post by
btrevorb on May 22, 2015 2:37pm
Financials
Still opeating at a loss.
Drilled 4 000+ meters which is about half of what they need to be drilling.
Drill results thus far have been very light and unimpressive.
April production results were not published so you can expect they will be below target again.
Lowered their all in operating costs, this is a good thing.
Still managed to have an operating loss? How is this possible? The numbers don't add up.
Massive dillution for a tiny cash return which has already been squandered, on what shareholders do not know.
Fancy "undefined" numbers to show tiny (and I mean tiny) net positive just so they can say they are not cash flow negative, this will not continue into the next quarter unless they get their oz and tonnes up significantly.
Comment by
wind00 on May 22, 2015 2:49pm
Financials look much better. BEWARE of financial terrorists on this board. how is it possible they ONLY complain! wait, we know. like was posted in a previous post.... we can be sure MTO will move higher. it will happen.