Ann: Quarterly Cash Flow and Summary of Activities, page-31

G'day mate. Hope you're well.

An annoying result to be sure, but not unexpected given the lack of news over the last few months. @jlo2012 pretty much nailed it above.

When I first skimmed the 4c I messaged a couple of mates writing, "Suspect sell off followed by buying support as people run the numbers." Short termers looking to sell into a positive spike bailed creating a snowball effect. Contracts take time to come up for bids/renewals.

"...next quarter will include 4 months of inflows."
" IME is expecting to be cash flow breakeven in Q4."

Can't see a raise any time soon as they've done everything possible to avoid dilution. I'm a buyer (adding to my long position) sub 4c (hopefully mid 3s), but happy to sit on the sidelines until the SP normalises so I can evaluate a decent entry.

That said, they really need to give their LATAM distributors a kick in the arse.