RE: RE: RE: Maybe this might help explain the cashlefmike, thanks for your reply.
I hope you are right that FIU only needs to deliver 7% of whatever Ezulmini produces after 2011, not 26000 oz,
otherwise FIU will be in trouble because 26000 oz will represent 35% to 50% of Ezulmini's current yearly production !
Actually what is worrying me most now is the cash flow position.
According to what I have read from the 2011 yearly financial report, the 70 million loss is mainly composed of 3 major elements, namely: operation loss 10 mil, forex exchange loss 15 mil. and interest 40 mil.
To turn this 70 million loss around, FIU should do the following:
-gold sales price is increasing to 2000 oz ( it is good to see it is happening !);
-for operating loss, FIU should monitor daily more closely on all the expenditures items of FIU;
-for forex exchange loss, it is worth a while for FIU to extremely alert daily on that area in order to minimize the loss;
-for huge interest outlays, in order to show the profit asap, and help cash flow problem, FIU should swap all the outstanding loans with the shares, turning all this interest-bearing debts into share capital even though this will dilute the value per share.
this is just my 2 cents opinion.