Elbows, no offence taken but it's clear they've deferred payments. They managed to have a net cash increase of $10M just in the last 3 weeks of December. Let's see what their liabilities are in the half-yearly.
Have a look at their forecasted cash spend in the March quarter. That's a $66.5M going out and does not include all cash items. Basically their cash-burn is $30M per quarter without manipulation, RE price have dropped a little more, nameplate production and sales have not been achieved, and inventory has stockpiled.
My sentiment is not never negative, and shouldn't be perceived a such. I don't anyone to lose their money. My calculations are based on former reports and RE prices.
Cash Balance, page-14
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