Re: Financing the Mill / Argoz

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MajorD

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Re: Financing the Mill / Argoz

in response to

Re: Financing the Mill --Again The Elephant Conundrum

argoz

posted on Oct 03, 2010 12:38AM

I know that cash flow and accounting profit differ, but didn't we cash in app. 7 or 8 MM with the receipts of the sale of the tailings lately. Future financings, if applicable, are subject to cash, or lack of it, in the tilly.

So although our profits may be at app. 1MM for the last quarter, we should have a much larger amount of cash on hand?