Ann: Appendix 4C - quarterly, page-7

@MineralMaster
Yes, and I would expect them to be at that point by EOFY with the final quarter as you point out and then things will likely be better from there. My concern is more, how will they get to that final quarter without running it too tight such that there wouldn't be any contingency available in the event of aquaculture risk or other unforeseen events. Like I mentioned earlier, they may only need to turn over $400k sales to have sufficient cash but that's not leaving much room for error.

@astavrou1
Yes, those expenses are largely capex and don't necessarily mean operating cashflow, albeit it's still cash/debt. Which is, rather limited. It seems you understand my point now. When you also consider the commentary which the company has provided, given it is somewhat conflicting about what sales to expect in this quarter, it's not reliable to make reference to $1m sales from last quarter which was peak season/revenue.


Maybe they'll be able to defer that capex spend again (since I think it is owed funds, but could be wrong) - this might be the best case outcome. Next options would be extending financing, or conduct a very small issue under the guise of another acquisition.