E25 9.52% 23.0¢ element 25 limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

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    Net increase / (decrease) in cash andcash equivalents for the period Qtr (6,251) FYTD (13,021)

    Cash outflow of $6.25 million for the quarter. I see little evidence that management has any financial or operational ability or that the glowing projections in earlier presentations are being fulfilled!

    I'm hanging on to my shares and hoping to be shown to be wrong but it doesn't look good to me.
 
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