"-Cash left is as of DEC 31...We will have cash Receipts coming in for this current quarter by now"
What I can gather from various GXY reports: Trade receivables 20130630: $4.039M Add: H2 revenue: $24.245M Less: H2 receipts: $16.288M Trade receivables 20131231: $11,996M
If there is no collection problem, or worse still, bad debts, then the cash balance of $2.4M will be backed by $12M cash inflow from trade receivables to sustain Q1. We shall soon see. All the best.
GXY Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
