Hi. Good discussion.
Re the waterfall chart presented, does anyone know what the Working Capital cash outflow of $40.3m is attributed to (what does this mean?)?
How does a company like this raise $66m in a CR and make it disappear so quickly? (despite the gold sales).
According to google
WC = Current assets - Current liabilities
not sure how to interpret.
was the -$40.3m a further cost incurred in the Dec quarter (or some non-cash provision for next qr)
…two CRs in 6 months would be mismanagement surely
thanks
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