Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-39

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abu

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13/07/23

18:21

Post #: 68775955
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Originally posted by suds100 ↑

Yes, $2,862 per business day for Aggregate amount of payments to related parties and their associates included in item 1.
$186,000 divided by 65 (business days over 3 months) = $2,862 per day

This is so close to Fraser's $3,000 per day. Have they jigged the figures so it is not so obvious? 65 days at $3,000 would be $195,000, not $186,000, or maybe he had 3 days holiday (not charged out) and it would be exactly $3,000 per day. (62 x $3,000 = $186,000).
We are still waiting on an answer to the question put at the AGM - how much for how many days Fraser?

(e) corporate costs $1,753.000 divided by 65 business days in the quarter is $26,969 per day
Treadstone Resource Partners, Gilbert + Tobin and the bloke who answers the phone sometimes is probably in this amount.

It is a very expensive quarter.

Expand

From the Quarterly -

Cost savings

As previously announced the Company has taken immediate steps to reduce overheads in order to
preserve cash and value for FFX shareholders. On 9 June 2023, Firefinch announced that it had successfully
negotiated to vacate its West Perth office. This step has saved the Company $300,000 over the remainder of
the original lease period. Leasing costs and make-good costs to vacate were less than $86,000 plus GST.

Expand

The$186,000 in item 1 would include leasing costs to vacate the old office etc.

... Ab's

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-39

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