2.8m does seem excessive, I guess that's a good opportunity to reduce costs!
although I don't think it is all doom and gloom,
Looking at their last report, cash receipts are up 50% from Q2FY23. Including the rebate they would have been at cashflow breakeven in the previous two quarters. When that 5.5m rebate is finalised it will pump up their revenue - They mention 2.1m out of this is to repay debt, so the remainder will be cash in the bank. Plus they have 1.8m in trade receivables and the demerger will inject 1.7m over the next years. They have 6.2m in the bank now and only 3.6m in debt.
it does not seem too bad or am I missing something?
does anyone know what is their production capacity and how much they are currently producing?
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