Maybe it's just me but I reckon some of their wording betrays their flawed mindset.
Slide 12: "Only used $6K of Operating Cash in Q4" and
"debt reduced to $650K". Only? You're still cash flow negative in typically your best quarter.
How about a comment on cash sustainability? How about "Management commitment (or at least goal) to achieve Operating cash flow sustainability in FY24". How about a comment on the regular calls on Capital?
While their potential is arguably better than for a while I don't like the same recurring platitudes and seeming refusal to acknowledge the actions they need to take to address the elephant in the room (cash).
Ann: Investor Briefing - August 2023, page-2
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