Hey Tri and all,
We may also get some of the funds back from the German liability they mentioned in significant items costed at 1.6m, seems from the report there contending some of that. I Like the fact they self-funded the Bankstown capacity increase for the JSF and completed the Waurn Ponds fitout which will help ease some of the hit on the CR cash. They've also started the vertical tail production using RST/Qure for the JSF which is a big endorsement from the Yanks. Finalising the short term debt and committing to repayment of the EFIC facility by 2021 augur well on the liability front.
Jackass the blue sky moment from auto may very well come via the KIST project, would like to know what QHL will book for that Qure/RST sale, perhaps we won't find out until after delivery at the end of this year.
There is more R&D to come of course, albeit funded for now, and we now have an increased head count to manage the increases in production, so contracts over the next 18months will prove important. Hopefully with some of the fitout and capacity completions we won't see the same burn rate in cashflow we've seen since the CR.
Cheers and all the best...
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