Ann: Activity Report for Quarter Ended 31 March 2018, page-16

grussellt The comments from Steve McClare in the quarterly seem rather more conservative:

"...the cash generation will be utilised to return creditors to normal terms and also
repay existing debt in 2018" page 2

Looking at the liabilities on the balance sheet as at 31-Dec-17 There is payables of $48 which are expected to half in 2018 (page 24). and borrowings and employee benefits of $17m. So there is really only $41m of liabilities in the cross hairs for 2018.

According to your $90m cash estimate, that would leave an extra $50m in surplus cash.

What am i missing here?