Ann: Change of Director's Interest Notice, page-8

Hard to say. I cannot see we will get much cash from work done last half. So cash received depends mainly on the payment of receivables at 31 December.

There should be $15 million if all receivables outstanding are paid, but I would not rule out some delays. Costs will be high given overheads, any spending on the new manufacturing line and the need to build up inventories ahead of the expected restart of projects from mid year. Inventories will be high at 30 June as a result even though we now know the projects have been delayed. My guess is the net operating inflow in the June quarter may be around the outflow in the March quarter.