Ann: Quarterly Activities Report and Appendix 5B, page-3

Interesting read.

Cash outflow, cash inflows, and available funds are what i was most concerned about (page 13).
Looks like they have about $10m of current financing facilities up their sleeve. With estimated outflows of $17.7m and estimated inflows of $8.9m next quarter they are coming extremely close to the wall. Need to get into a cash flow positive position fast otherwise more debt or a further dilution will be inevitable. At 125,000T per month I think they will be borderline.


Thoughts?

Yeatesy.