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

Just the Staff costs alone of $1.836m dwarf the receipts by $446k for the final Qtr.

Throw in production and admin costs and it sure does paint an ugly picture.

It would be interesting to see a breakdown of the production costs. Production costs were $1,316M for Q4 but which machines was that made up of? I know Titomic have a few sales in the pipeline but it appears the production costs are cancelling out the receipts. Excluding other overheads.

I want to see TTT succeed but it is hard to see how going by these figures. Anyway, this explains the drop in SP.