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Ann: Response to ASX Appendix 4C Query, page-73

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Zandra

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24/02/20

14:31

Post #: 43114513
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Originally posted by jake0002: ↑

seems to me that they (AJX) have indicated that the March Qtrly will not be anything exciting.
It sounds like receipts will be in line with previous Qtrs (around US$2m (( they said US$1.8m- US$2m) and that operating outflows of US$2.9m.
Inflows in addition to Operating Receipts will include the balance of the CR.
Estimated cash balance at March Qtr end they say will be around US$5.25m.
Included in the outflow is inventory purchases of US$1.7m. So that compares with prior Qtr of US$1.17m. So a big increase, which they allude to an increase in sales and receipts is expected.
Interest expense of course will be halved.

With any luck the Half Yrly will shed some light on the near future.

We need hard SALES to restore some confidence in AJX, and the mkt.

I hope that Half Yrly report will go light on the verbage and salesmanship, and provide some identifiable progress.

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They have alluded to 'increased inventory purchases' being for increased sales and receipts for close on 3 years now, 90 day accounts , seasonal, etc etc...... heard it all, and including the CR in the balance sheet is just desperate accounting, and yes you can count on the 'half ' being all verbal and salesmanshit'.......

AJX Price at posting: 5.3¢ Sentiment: Sell Disclosure: Held
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