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H1 to H2 timing is short term timing of cash flows, that's the...

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Tarvold

27,866 Posts.

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02/11/18

14:57

Post #: 36370072
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Originally posted by BertySmythe: ↑

I think you are right. They will have to do a cap raise.

They have $2.5m cash 30 September 2018. There is a $2.0m Westpac bank facility but it is only "to allowfor short-term timing of cashflows"

Projected outflows for the next quarter are $11.6m and lets say cash receipts are $8.0m (were $7.8 in the previous qtr). Thats a cash burn of $3.6m.and they only have $2.5m in cash.

I reckon a CR will happen soon. If I was to punt I would say at around 17.5 cents

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H1 to H2 timing is short term timing of cash flows, that's the point of that facility to smooth the seasonal cashflows. They have $4.5m available in the current quarter.

MPW Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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H1 to H2 timing is short term timing of cash flows, that's the...

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