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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 2ic
    5,813 Posts.
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    @Franpower... I've bided my time until the quarterly confession to remind you of the risk in naïvely reading management commentary in the most positive context possible, placing belief and certainly in words that are hopeful forecasts at best. These posts sum up your reading of Bruce's opinion, used as some defacto proof that oversize wasn't a problem when just looking at the facts said it was... and potentially serious.
    https://hotcopper.com.au/data/attachments/6131/6131442-738971fdc435da58a3795f4a1fb7bcdd.jpg
    https://hotcopper.com.au/data/attachments/6131/6131456-afd8b72b8a415f6a02041be0649cc315.jpg

    Well, hello reality... apologies to a few posters that rightly took a more circumspect view of BG's 'hopeful' interpretation and shared contradictory observations from people on site might be in order?https://hotcopper.com.au/data/attachments/6131/6131464-60ce12e6fcf88ca6f26d71bc633c13c6.jpg
    There is a very good reason Bruce would not provide any monthly updates over the last 3 months, like I said... management never want to spook the horses and share price prematurely if buying time means a last-minute improvement can paper over history right! And so it is, with April improvement (post-Qtr) comments soothing fears of more protracted ramp-up problems (may explain share price weakness over Jan-Mar yeah?)

    https://hotcopper.com.au/data/attachments/6131/6131501-e9ca82a6892a0fce820753ce316a0697.jpg

    Anywho, onwards and upwards... GLTAH
 
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