RED 1.27% 40.0¢ red 5 limited

Hi. Good discussion. Re the waterfall chart presented, does...

  1. 116 Posts.
    lightbulb Created with Sketch. 9
    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
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
40.0¢
Change
0.005(1.27%)
Mkt cap ! $2.720B
Open High Low Value Volume
40.0¢ 40.5¢ 39.5¢ $11.08M 27.71M

Buyers (Bids)

No. Vol. Price($)
19 1144031 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.5¢ 1551283 17
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.