Yes, it started at 9 a.m. Melbourne time.
Went for a "massive" 9 minutes.
Bryce sounded half dead. Has prolly caught a flu cycling around the Swiss Alps on our dime. Zero sympathy from me.
Zero analyst questions (yet again).
MD rem close to US$1m per year for a company capped at A$50m or thereabouts. Sickening.
Board refusing to act & seemingly backing in their man ad infinitum. Board need to go.
Are they in breach of their debt covenant now? Cash at the end of the March '24 quarter was US$26.6m. Minimum group liquidity can't drop below 10% of total debt (US$169.1m incl the con notes, so 10% = US$16.9m).
Either Aussie Super step in very soon and support them or they are done. Will happen quickly.
Ann: Quarterly Activities Report and Cashflow to 31 March 2024, page-8
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