Didn't miss it, however believing their promise of better net...

First 5 Last

Share
Profile

Follow
Gary Gardner

1,023 Posts.

110

01/02/24

14:37

Post #: 72185958
Share

Originally posted by bsredoje: ↑

you missed the first part:

Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?

Answer:

No. The Company expects net operating cash flows to improve in the next several
quarters. The current quarter included higher inventory purchases that resulted in a
higher ending inventory balance than desired. The Company plans to limit inventory
purchases until inventory levels decline to an acceptable level, thereby decreasing
its net cash use. Further, the current quarter included a refund to a customer that
had overpaid in a prior quarter. The refund artificially lowered cash receipts in the
current quarter and therefore increased the net cash used in the quarter.

Expand

Didn't miss it, however believing their promise of better net operating cash flows over the next several quarters is questionable given their track record. In any case capital has to be raised in the not too distant future.

VTI Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

ASX Market Open: Local bourse tipped to trade red after same on S&P500

LRV

Larvotto hits "go" on Hillgrove Project

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

WC8

Investors shrug as Wildcat's latest lithium drill hits fail to excite

SS1

Sun Silver unveils Maverick Springs assay results

MHK

Metal Hawk shares sink -50% as gold drill results disappoint

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

SGQ

Traders watch with interest as St George Mining reveals REE hit

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Didn't miss it, however believing their promise of better net...

Top Stories

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Larvotto hits "go" on Hillgrove Project

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Investors shrug as Wildcat's latest lithium drill hits fail to excite

Sun Silver unveils Maverick Springs assay results

Metal Hawk shares sink -50% as gold drill results disappoint

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

Traders watch with interest as St George Mining reveals REE hit

Featured News