With current (assets) cash and bullion at about 46mil and current (liabilities/payables) ratio of 1.4 that equals 34mil in outstanding liabilities/payables that need to be paid with 12months.
The good news is that we have not increased that payables debt, and we are smashing it down, with only 5mil in loan repayments this quarter these invoices will gone asap.
Maths=
Payables dec 87mill
March quarter= 57mil
June quarter = 34mil
46mil divided by 34mil = asset/liability ratio of 1.4
We are definitely on the up and over this development hump… RED 5 will be Green 5 before long.
Ann: Quarterly activities report, page-54
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