Ann: 3Q FY24 Quarterly Report & Appendix 5B, page-126

OK.

Without considering outgoings (Item 8.3) there would be at end of year,

Income $(14.55 X 3) million. i.e. $43.65 million
Amount drawn down to satisfy (A, B, C & Rabobank) of $5 million i.e. $16.25 owing.
Bank balance $46.61 million.

43.65 Income + 46.61 Bank - 16.25 to repay this year's drawn down amount leaving $5 million for next half year. = 74.01. i.e. $74.01 million In kitty.

Now consider the Outgoings to be $(74.01/ 3), and equal to the total estimated available cash.

i.e. $24.67 million per quarter.

At that level of outgoings, cash will be exhausted and STX is completely broke by the end of year.

Hope this helps. J L.