Ann: Quarterly Report and Appendix 4C, page-5

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Harrycool

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03/11/22

17:44

Post #: 64575330
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Originally posted by Harrycool: ↑

I am going to express their position in a summarised form which maybe easier to understand:

For the quarter ended 30 September 2022

Cash inflow from borrowing. $6,937,576
Cash spent on repayment of loan
and leases etc. ($5,405,919)

Net gain from borrowings in cash. $1,531,657 Loosely interpreted as debt increase

Cash Reduction for the quarter $852,972. Opening Cash 6,458,108
Closing Cash 5,605,136
Total Cash Used.$2,384,629

Cash was used on Cash used in operations. $1,362,508 Used means no cash was made net

Cash used in Investments. $ 997,369 Basically adjustment for sale and legal fees. Hardly Investment.

Total spent $2,359,877

Difference. $24,752 Adjustment for FOREX as per cash flow statement (Forex loss)Hopefully this summarises HIL position more clearly and is easier to understand and cannot be interpreted as being cash flow positive for the quarter. It's amazing how the use of words can affect the share price. Not an unusual practice for HIL.
Have a nice day and don't be bullied, remember these are their numbers not mine.

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Hi it's me again your favourite nuisance.
Just in case, I mean who hasn't worked this out by now, but just in case I don't want anyone to miss out so:

If they remain structured the way they are now and continue to burn cash at the current rate they have roughly one years cash.

Have a nice day, don't say you haven't been told.

HIL Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Quarterly Report and Appendix 4C, page-5

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