I refer to the balance sheet on pg 24 of the half yearly.
cash and debtors $5m
inventory to be sold $5m
trade creditors $23m
immediate working cap deficit is $13m
lets assume the operation was cash flow psotive from 1 jan...the funds received in feb or march from the oaktree solaro transaction hit the bank and left to pay these trading debts.
unfortunately i dont think they will have been cash flow positive in the quarter.. i absolutely sincerely pray and hope they have been...but i am highly doubtful.
has the cronimet transaction been apporved yet? I cant recall having seen the share issue notice advising of the share issue. Does that mean the JV is still operational?
fingers crossed something is not amiss here
not trying to downramp as i have quite a few in the draw so want this company to be wildly successful. ..but this half yearly probably raising more questions than it answers for me.
I refer to the balance sheet on pg 24 of the half yearly.cash...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
