UBS, page-18

I can only see negatives when I read the reports
Edikans 208k and net cash flow negative last year.

Edikan has not been making money.
Fair enough if the plan is to improve but the CEO has just said
Expect more of the same from Edikan.....it is a hard to manage operation.

I am still holding back at being fully negative
Because Sissingue could turn a profit.
As yet there are no figures.
Been operational for 3 months so things
In my opinion it cant be going too well.

I am sure if things were better than expected
Some figures would have been forth coming.
I had thought 10k would be produced this quarter
Now I am starting to think 8k
Now cash flow positive....what does that mean
Is that paying the bills and a proportion of total Admin
Or just positive cashflow ??????

I think about why the extra $15million USD in loan money.
and the December quarter states they expect the extra debt
Will be drawn down this quarter.
They had $43 million cash in December.
Why would extra cash be required.
Only $13 million USD was left in funding payments for Sissingue.

This quarterly should tell the full story.
Only a few weeks away.

Cheers