GREY:BOPFF - Post by User
Comment by
slope20on Jul 31, 2013 11:38am
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Post# 21641457
RE:Ummm...
RE:Ummm...Cashflow from operations was actually negative $2.3MM.
The largest contributor to the net loss was a $13.4MM impairment or write down on the Red Earth assets. Also, BOR spent about $13.5MM in the year, $11.5 MM of which was on evaluation of the Red earth assets... this was funded by the equity raise...
but you only need to get to the first items on the IC statement to see where it is going..
Revenue net of royalties ..... $2.8 MM
Op Exp + G&A..................... $5.0 MM
Net CF Est ( $2.2 MM)
slope