Hey Christo, I think they have already broken even. See their cash at bank went up too...Ah I see. Thanks. In the graph in the report they use a percentage of receivables. So they have annualised this?
Also looks like your cash cost number is annual versus your revenue number is a quarterly.
Re your comment: they need 4x revenue to breakeven - multiply the quarterly revenue by 4 and see what happens...Hey Christo, I think they have already broken even. See their cash at bank went up too...
Also looks like your cash cost number is annual versus your revenue number is a quarterly.
Re your comment: they need 4x revenue to breakeven - multiply the quarterly revenue by 4 and see what happens...
These cash expenses are after COS. So by my revised (annualised) calc:
$60m revenue - $41m COS - $38m costs = -$19m EBITDA (normalised).
So they still need to 2x their revenue to break even - assuming costs don't continue to rise rapidly. Not too bad actually but not close to break even yet.
Ann: Quarterly Report and Appendix 4C, page-21
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