Cashflow- shocker
Net debt position deteriorated
that impairment of Atlantic was not enough - gross operational cashflow only 1 m
Group guidance of production is now at the top end what they thought gwalia would produce after downgrading it’s output twice during and extension and development project which is where the falls all started at 4 dollars ish
Vassie grossly overpaid imo with cash for Atlantic and his development and extension program at Gwalior which cost a fortune in cash and time has never consistently delivered despite new ceo coming in to get it all sorted
Ann: Quarterly Report Q1 FY23, page-18
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