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2.2¢ vection technologies ltd

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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Klue

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30/04/24

21:44

Post #: 73594800
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Originally posted by SirAB: ↑

You'll find that the numbers this quarter don't tell the whole story and like everything, need to be read in context and accounts reviewed/assessed over the longer term.
That is, VR1 had a large cash receipt this quarter propping the numbers, but as reported, will have a fairly large expense to pay next quarter as a result.
The question is, can the revenue continue to flow to be able to offset the creditor payment due (as well as meet other expenditure) and still report at least a neutral (or even better, a positive) cashflow position next quarter?....
Yet again, without the release of some material announcements in the coming month or so, we wait for the Q4 numbers.... thus you have a lack of love in the market for VR1.
But regardless, more money in the front door is always a good thing for any operation!

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Given they state cash at bank would have remained positive then the defence contract supplier payments outstanding must be less than ~$2.2m.

VR1 Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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