Pig and/or others, I have attempted to contact Chris Campbell a couple of times for clarification on the following points to no avail so thought would be timely to open the question up to the masses. The points I would appreciate clarification on are as follows:
(1) From 29/12/2014 announcement Chairman’s address, it refers to a “ inability excess annual leave entitlements”. Could anyone please quantify this?
(2) From the same announcement, the company estimated a 30 June 2015 free cash position of A$1.2m. However the March quarterly sits at A$3.38 and implies a burn rate of A$0.235m. Based on that we could expect A$3.145m less $800k (implied from 29/12/2014 announcement), so A$2.35m free cash flow as at 30 June 2015, rather than the A$1.2m. Can anyone confirm which figure is correct?
Cheers,
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