Ann: Trading Halt, page-31

https://www.pv-magazine-australia.c...-to-work-on-rcr-tomlinson-victorian-projects/

CR coming to pay for work to complete job on time.

If delayed. There will be delay costs it pays to the client. Their subbies have had it in terms of late payment.

So now they need more cash to bridge the cashflow problem.

RCR needs to pay subbies first and paid by client in 30 days of invoice. This is a lquidity problem.

Often RCR would pay subbies 60 days or dven 90 whilst pocketing cash by client in 30. They are stuffed atm.

The last one to two payment could be 20 to 30 percent of value.

http://www.manmonthly.com.au/news/rcr-tomlinson-wins-260m-vic-qld-solar-projects/

$260M for both projects.

So one is say $130M.

If they had to fund say 20-30 percent it would be $25-$40M in cash liquidity. Not to mention money outstanding.

This is before crisis of confidence on all their projects. Terms of credit line by suppliers would turn ugly to disaster.

Pay for your concrete, steel, plant on delivery or before. As no one wants to be sn unsecured creditor.