RE: Q2 Loss Of C$ 5.11 Million>"Subtracting the $6.4 million from the $4.9 million gives you a negative $1.5 million free cash flow for Q2."<
Free cash flow is not a reliable way to measure how well a business is doing as it includes capex. So, a company making loads of money could have negative free cash flow in a given quarter if they had a very large capex that quarter.
In PSD's case, funds from continuing operations is probably the best measure of the company's business. And, according to today's PR, PSD's funds from continuing operations in Q2 of 2006 was a positive $.12 per share as compared to $.11 for Q2 of 2005. (For the first six months of 2006, as well as for 2005, funds from continuing operations was $.25 per share.)
So, PSD easily covered their $.0375 dividend and, assuming they straighten out Terrapoint, both funds from continuing operations (and the dividend) should move up nicely.