Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7

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malkazoid

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31/01/23

11:23

Post #: 65971415
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Originally posted by Andrix: ↑

Last quarterly said that AGH would be Cash Flow positive in the in Q#FY23 - ie, March 23 quarter. Now they are saying, "AGH is on the verge of becoming cash flow positive". The change is not reassuring.

Malk, I like your enthusiasm and I hope you are right. but during the December quarter they raised $2.2M and the Cash position FELL from $3.5M to $3.4M. Leaving enough cash to cover net cashflow at the current rate for 1.6 quarters (See CF statement item 8.5). At this rate they will need another capital raising soon or, as Dimi says, they will need to borrow. (but do they have a facility avaiulable - the CF statement dows not list any.)

And note that there was no borrowing at the end of September, but the current statement says that $105,000 of borrowing was repaid. How is this? I made my first investment in AGH only last July and already I'm beginning to get nervous.

I

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Indeed. But you'll notice the 4c lists 920k of one off expenses last quarter.
Subtract that from the 2.2M raised, and you get my figure of 1.3M needed in increased revenue this quarter to hit cash flow positive.
That doesn't mean AGH won't need a CR, but it does mean their claim remains plausible.

BTW, where did you see the shift in language? The 4c that hit today still mentions March 2023 explicitly for projected reaching positive cash flow.

AGH Price at posting: 6.0¢ Sentiment: Hold Disclosure: Not Held
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7

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