Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

wow, skating on thin ice with only $367k on hand and with 313k inflows from the sale ensuring they still had this cash on hand

it appears that Site institute is bringing in students (post term 3 could exceed pre-covid levels), and Philipines and PNG facilities in operation along KSA so a little surprised that receipts have not increased materially (and EBITDA was still negative)

2.5m in receipts with staff & admin costs going up (2.7m) plus lease costs ($0.13m) plus PPE $0.07m)means that they need to generate at least ~3m in receipts next quarter to stay afloat from a cashflow perspective excluding any capital expenditure needed in PNG, Phil or even Aus/KSA.......they have to push to start getting bigger revenues from these training sites as the staff/admin costs have gone up significantly over the last 18 mths