Free cash flow excluding one off insurance payment is down to $2.25M per quarter (and that is because they managed to reduce admin costs by $0.8M).
Therefore on a comparable basis to last quarter's cash flow this one is $1.65M.... which indicates significant decline.
And they can't even work out how to distribute cash back to shareholders
- Free cash flow (operating net investing) of US$4.0 million includes US$1.75 million received as final settlement payment on the GC-21 Control of Well event insurance claim.
- 54% reduction in administration, corporate and staff operating cost cashflows compared to the corresponding quarter the prior year (Q3 2024 US$0.89 million; Q3 2023 US$1.66 million). See attached Appendix 5B for detailed cash flow disclosures.
Free cash flow excluding one off insurance payment is down to...
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