The Australian says:
"Centro is operating with a negative cash flow, has no cash in the bank, and is surviving day-to-day on a liquidity facility from its lenders which is up for renewal when a broader debt extension falls due at the end of September."
They must have spotted the Current trade payables number of $634m as well! Cash needed to keep those creditors quiet.
2nd centro article in this weekends afr..., page-3
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