Ann: Quarterly Appendix 5B Cash Flow Report, page-93

To quote Croc - "the two quarters of service provisions is onlyapplicable to that of cash flow once the debt is paid back."

To quote the company announcement - WKT "is required to maintain a Debt Service Reserve for two current quarter's debt payments at all times."

According to the official company announcement in unambiguous language the debt service reserve is required "at all times" not as Croc says "once the debt is paid back.

According to the Quarterly Cash Flow Report, as of 31st March the loan drawn and cash available are as follows:

Item 4.6 Cash and cash equivalents AUD $4.123 million
Item 7.1 Loan facilities amount drawn AUD $30.489 million

Two Quarters of debt service reserve at 21 percent interest is 0.21 x $30.489 million x 2/4 = AUD $3.2 million.

Accordingly, as of 1st of April, Walkabout had $4.123 million cash at hand of which only $923 K of cash is available to fund Lindi and corporate overheads before breaching the Gemcorp debt service cover ratio.

Croc, you should request that your post be removed. Misleading people on HC reeks of desperation and indicates a lack of a moral compass.