From memory A couple of months ago The MD had stated in a video to small caps interviewer Kerry Stevenson that "I expect the company to be cashflow positive this year" not sure if that meant the whole business or the core business .
To me the biggest issue is the company seems to not be run with a small company sustainability mentality ie
"of conserving cash ,
keeping overheads down (including director remuneration )
not expanding to fast
watching the bottom line as much as the top line
result is they will likely have to go back to the market for more cash which dilutes shareholders investment in the company and potential return per shareholder down the track .
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- Ann: September 2022 Quarter Activities Update and Appendix 4C
Ann: September 2022 Quarter Activities Update and Appendix 4C, page-4
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