Cash Flow Report for the September Quarter.
The company spent $1.345 million more than it did in the June Quarter.
Advertising & Marketing - $73,000 more
Leased Assets - $140,000 more
Staff Costs - $241,000 more
Administration & Corp Costs - $891,000 more
This is their commentary included in the June quarter update ....
Administration and corporate costs were considerably lower as the efficiencies of right sizing the business were realised, along with prudent cost and cash flow management. While some ongoing legacy issue investigation costs were incurred, these are now trending much lower than in previous quarters.
Focused attention on cost control and efficiencies is resulting in lower overheads
It spent $790,000 more than it did in the September 2022 quarter - including advertising, leases & admin costs, slightly less in wages.
The staff costs - there's been no additional staff put on in this quarter.
Sechos was not paid super so he he would not have had any "employee" entitlements to pay out when he left.
Victor Li is the only other KMP that resigned during the quarter. $241,000 ?????
Admin & Corp Costs - there's the fees for lawyers (being paid to protect management from AFP, ASIC and other legal threats) & consultants. Nearly $900,000 in just 3 months !!!!
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INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
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