The 1 million writeoff against SGX and an increase in general and admin. of 1.5 million turned a positive 1.8 million profit into 0.7 million loss.

head grade 5.35 vs. 6.47 a year ago

recovery 92% vs. 95% a year ago

Ore milled 153,537 tons ore mined 144,549 tons difference =8988 tons ( from stockpile?)

It is what it is.... increasing production but still room for improvement.

I would have preferred a headline declaring even a modest profit. Again as i have said before it speaks to the overall morale of the shareholders and employees of the company.