01-22-2016, 05:38 AM
'Palm' pid='66130' datel Wrote:Kaliboo, good comments and that all makes good sense. Last August I did a projected time schedule for drilling/certification, and it seems to be laying out somewhat close to that. I also did a cash flow projection and that also may be pretty close; we'll see what the 4th qtr results show. And therein lies my major concern with an Ant 7 being considered and the timing we can estimate based on this report. Cash will be very very scarce with what it looks like timing will be. As I mentioned previously, readers should FIRST look at the financials, the notes and the MD&A BEFORE reading management's PR or the presentation. Formulate your own opinion on the state of things and then see if and how mgmt addresses any real issues.
What you say makes sense, if one has a "major concern" about all that, but I do not. IOC's balance sheet is strong and very conservative, with plenty of credit availability, although I do not think that is management's intent. I trust this management to manage cash and cash flow effectively, and do not think I need to stay on top of it, or try to with limited information. With regard to Ant 7, I think other factors are more important, as commented on by Kaliboo.
should be the one to leave the board.