Good question. I would guess it is some sort of appreciation/preservation of funds (ie term deposit etc) but it is not detailed exactly. Make sense when you have that much cash sitting around.
Most of their outgoings still seem to be the class actions. Should GSW win the CA and be awarded a costs order than I imagine those will be a non-event plus damages based on the value destruction that have been raised in court as a result of unsubstantiated damage claims.
Revenue run rate looks fine in the 4c. Deliveries up. TBH this quarter looks like the quarter we SHOULD have had last quarter. So perhaps they are around 2 to 3 months delayed?
R&D costs are up which I find promising. What are they working on so hurridly?
Still trading far beneath cash backing and EV, too much weight has been put on the impact of an increasingly frivolous looking class action.
Jeez you non-holders are fast on this stock ha ha
Ann: Appendix 4C - quarterly, page-12
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