Post by
jonggua on Mar 24, 2012 10:58am
cash flow positive timeframe
I believe you're right. I either misread what "FY" (fiscal year, full year?) was meant by the yahoo poster or he mistakenly passed that on. Calendar year maybe, probably, but we know now that fiscal year ending 8/31 should still have too small volumes to be cf positive. it is too bad that we are a year behind. What took Gold standard till 11/29 to close? That was a bummer, and caused us to be months behind schedule. Now more dilution is needed to carry us thru to cash flow positive. Still, 70 M shares outstanding is not bad considering most of the competition. My dream is share buybacks and hefty dividends in future years with the governments of the world keeping their take reasonable. However, that dream of reasonable gov'ts may be the most precarious of all, as I expect a terrible economic downturn to turn govt's into unreasoning ravenous taxation beasts rather than downsize by the 3/4 they ought to.
Comment by
sittingbullish on Mar 24, 2012 4:28pm
very good news... insiders buying.. the folks who know more than we do... my prediction: $2/sh by July .. assuming production proceeds to new plan. IMO...