RE: Great news"and reflects an extremely healthy financial situation going forward, if production is on schedule"
NGG's financial situation appears a little more precarious to me - cash on hand is about 3.7MM. Q2 Burn rate is around 3MM - that's is cutting it way too fine for my liking. By the way, go back over NGG's schedule and commitment to shareholders for the last couple of years (I guess now that Milkman is not reminding us it falls to me to do so) and you'll see a litany of missed dates and production figures.
I wouldn't be surprised if financing is a strong possibility due to missed production to date.
I hope I am wrong and in less than 24 hours every one can call me an idiot during the conference call (preferably earlier, please).
GM