RE: RE: RE: Lower risk point - Production decisionHi BK,
I appreciate the correction. Out of interest though, the venture exchange does, in effect, have a Tier 3. It's actually a separate exchange called the NEX - it is for companies that do not meet the listing requirements for the venture exchange.
With respect to the check against "Production levels indicate a reasonable likelihood of positive cash flow", out of the last 12 quarters that have been planned to be in positive cash flow territory only about 2 have in fact achieved that goal. So I guess it comes down to one's definition of reasonable and whether one considers refinancing etc to be part of a reasonable likelihood.
Best of luck with Q2, hopefully it will be a record quarter for you guys,
GM