Ann: Quarterly Activities and Cashflow Report, page-34

agree, somethings not right

there's a half yearly due end of this month so maybe that will reveal the true working capital position, they have established a $15m facility but I'm not sure the other $20m facility is available ... I think they need to build a road to draw on that so in reality, probably a zero sum game.

Not sure where the contractors claim sits in these numbers but it was something like 23m I think...

I think the 90 qtr number is a quaint calculation but totally useless... they'll need to invest something in stockpiles throughout the value chain and likely receivables and first-fills too. It will not be loose change sitting in working capital, that's for sure...

Let's wait for the half yearly I suppose...

Have a great day