Ann: Quarterly Activities Report-PEN.AX, page-12

"Drawn debt as of the 29/04/16, is US$18.5m.

http://www.stocknessmonster.com/news-item?S=PEN&E=ASX&N=761767

Yet, "the Company’s cash position was AUS$17.8million." on the same date.

I'm certainly lost."



Mmm, it could be very risky indeed, heeding the word of a 'lost' moderator, especially on this thread.

Any first year accountant knows YTD cash position and statement of drawn debt are two different things.

The former may well be a component of the latter, but they never match.

Given FN's responsibilities on this thread I think his/her stated opinions need some forensic attention, especially from HC itself.