AMA's press release today: "As a result, total cash flow is now only expected to be positive for FY24 after including capital expenditure and net benefits of equity raising and debt repayment."
How about being straight-forward: "As a result, the company will not produce positive free cash flow in FY24 as previously forecasted."
My sentiments exactly. I had to re-read that several times to understand what the hell they were trying to say.
There's still just too much noise in these numbers. It looks somewhat positive but it's so whipsaw and there's the issue of the debt refinance still hanging out there. Too hard for now.
AMA Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
