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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-20

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  1. 672 Posts.
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    I'm not typically a glass half full kind of person but I'm not too upset with the report (feel free to shoot me now haha). They've had a significant customer jump ship in Betr and still managed to breakeven with the one off costs (sounds like severance package with old CFO/other staff) contributing to the realised negative cash flow for the quarter. I think there are signs there that the global markets we've entered are ever so slightly starting to compensate for any local slowness. We'd be going backwards if we were to remain dependent on the local scene. At least that's how it reads to me.

    With cash flow effectively balanced and further cost savings targeted there's no risk of capital raises for running costs sake so I'm more than content letting the machine continue it's slow turn with Davey at the helm. All IMO of course.
 
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