Ann: Quarterly Cashflow Report - 31 March 2023, page-2

Wow.......1.2m in cash used this quarter and although ~half of that is for 3CT and NZ, it really raises the question as to whether mgmt and the board realise how close they are sailing to the edge

They are now talking about reducing headcount and other cost savings when 3-6 mths ago they were talking about expansion in SA......I suspect that EGP capital are probably not in a position to provide further loans and you only need to look at the net cashflow graph to see a flashing red light.....and I'm just not sure that Gerald Dyson can see the same given his very positive view of how the company has been travelling.

I'm seeing very positive in this, but happy to hear from others that may see something I'm not