don't you think it's oversold?, page-16

I'm a worry wart...

Free cashflow in the first half was negative $34m with $61m in cash remaining. Given EBITDA is $25-$35m lower this half, it seems quite possible that they have chewed through the remaining cash and with no real guidance as to when cashflow is likely to become positive.

Doesn't this set off a few alarm bells?

Unfortunately, cashflow expectations were not well-elaborated in that announcement other than to say that operating cashflow has been impacted accordingly. It is quite possible there is no serious risk to funding at all. But the announcement leaves plenty of room to worry!