Ann: Appendix 4C - March 2017 Quarter, page-96

It seems SYT doesn't have a good grasp of its outflows. In the Dec quarterly, the estimated outflows under item 9 for the March quarter was $700k. They spent $1.301m instead. The estimated outflows for the June quarter seems more realistic but it's a worry that staff and admin costs continue to dominate outflows ($696k). I think a cap raising is inevitable by calendar year end so let's hope the price is a little higher than where it is now.