ann: june q report out, page-2

Pretty grim reading

$5.5 million net cashflow for quarter.

$22 million deficit p.a.

And not taking into account the debt repayment to Chinese banks.

Forward quarter estimated cash outflows:
$16 million
...of which $12 million for production.

So if revenues do not increase dramatically, where looking at little or no net improvement in operating cash flow over quarter 2 (minus ~$9.5 million).

I also wonder if that forward projection includes repayment of short-term debt recently announced?

Happy to be corrected on any of the above.

No wonder the final date for subscriptions was not August 1.