Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

So they are decommissioning sites already.

Much of their infrastructure is ageing and will incur big writedowns.


Additional $2mill rev increase from last Qu, comes from latest acquistion, so buying revenue increase is still the reality.



$40 m cash from latest CR
will get spent very quickly at this rate

Rev of $13 mill from the whole operation
$11 million of that gone in the quarter from staff and running costs

So around $44 mill annual running/staff costs alone.

MC is $270 million
Would a buyer pay anything near that?
Without profits anywhere on the horizon, this is a deadweight imo.