Great result and moving in right direction. NPAT 3+ mill but cash flow minus 6 mill. I know this is not unreasonable to grow the biomass, and they had the cash available from capital raise for this to be possible. I’d like to see the cash flow come back closer to equal this year, and try to grow it organically rather than needing further raises which suppress SP in order to speed growth up but can erode value.
On the positive side there won’t be any tax to pay for years while they try and wipe previous losses.
Great result and moving in right direction. NPAT 3+ mill but...
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