Exactly - cash and working capital at 31 March was 19.1mil but then on April14 they paid down 50% of debt 15.5mil debt so cash and working capital at 14April was only 3.6mil (+2 weeks cashflow). No way of paying more. No doubt they are eagerly awaiting the return of the 6.5mil in bonds to bolster cash and WC back to a comfortable level. No worries medium term though it seems the old 1 step back 2 steps forward scenario.
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