If I understand correctly, the repayment at 30 June is funded out of existing cash reserve but not cashflow earned from the operating activities.
It is sustainable maybe for the next two repayments (30 June and 31 December) but if REO price doesn't pick up significantly in the next year or so, the existing cash reserve would not be able to fund repayment down the line.
Not trying to be positive or negative - just my own observation - so please do your own research too.
Ann: Quarterly Activities Report, page-47
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$6.23 |
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| Open | High | Low | Value | Volume |
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