AJX
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0.00% 1.1¢ alexium international group limited

Ann: Response to ASX Appendix 4C Query, page-34

  1. BarrelSitter
    6,614 Posts.
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    19/02/20
    22:01
    Post #: 43032560
    Not an expert on accounting, but I read the response to Q1 as:

    These two inflows ($1.8M & $2.1M) less estimated cash outflows … will increase cash between $2.6M & $2.9M before capital raising costs …

    In other words:

    $1.8M + $2.1M = $3.9M (receivables)

    Less somewhere between $1M to $1.3M (outgoings) leaves between $2.9M and $2.6M net cash inflow.

    Am I right, or am I right? (Michael Gambon (P Marlow) Singing Detective - all rights reserved)

    AJX Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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