Working capital has "improved" by US$360m since 31/12/14 (probably a combination of running down their inventories and delaying payments to creditors). Also they got circa $350m additional cash from the cap raising. So that explains $710m of the cash increase since 31/12/14. Their capex for FY15 doesn't really seem to make sense. They've said $308m for the full FY15 year for sustaining capex, but there half year accounts had $436m of sustaining capex on the cashflow, seems to have gone backwards? Mustn't have spent a dime the last 6 months on capex. Prepayments have decreased significantly which I am surprised about.
Doesn't seem quite right to me, something doesn't quite add up. Need to see the full accounts to make sense of it.
All imo dyor
Ann: June 2015 Quarterly Production Report, page-50
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