EQR eq resources limited

Ann: EQR Successful $4.9M Placement, page-64

  1. 912 Posts.
    lightbulb Created with Sketch. 91
    "Last quarter net cash operating activities… "

    Yes they booked $1.226 Million in positive cash flow. but it only because of some great accounting.

    Revenue included $2.951 million in pre payments for product not supplied and $2.299 Million was moved from production costs to other non current assets as they used mine waste to raise the noise and visual bund.

    I don't think QIC fooled by the headline number and understood the normalized operational losses.


 
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