You read the opening few paragraphs and everything is rosy. Then look at the 4C and see they have burnt through another $700k. Their recent cap raise covers one quarter of cash. Another cap raise in 3 months time?
Interesting they can include factoring in their available credit lines. It's only available to the extent of invoices raised. Maybe the Chairman should increase it to $100m then they can say they have $90m available.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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