DRE 6.25% 1.7¢ dreadnought resources ltd

"Hi Mckhenry,Section 8.7 of the 5B is an equation, not a...

  1. 2ic
    5,628 Posts.
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    "Hi Mckhenry,Section 8.7 of the 5B is an equation, not a cashflow forecast."... the table 8.1-87 is an equation, but then it goes on to ask if they expect similar moving forward (8.8). The sloppy wording by ASX in 8.8, because of the 'excuse' that 6.5 Qtr's funding available is more than 2 Qtrs, technically the question in 8.8 isn't relevant. Of course we all know that the 6.5 qtrs answer in 8.6 is a mockery based on obviously one-off $2.75M rebates not going to happen again any time soon.

    Of course the 5B excludes the requirement for companies to bother answering 8.8 if they have more than 2 Qtrs funding on the assumption that more than 2 Qtr's is too far out to guess at... not because the equation is based on one-off payments. DRE guys are technically correct, maybe 5B needs to re-word to something like " If item 8.7 is less or expected to be less than 2 quarters, "...

    https://hotcopper.com.au/data/attachments/6136/6136065-d5051ae6001e019de5ab5d7243c30722.jpg

 
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