Ann: Strong Q1 FY21 Results Quarterly Report and Cash Flow, page-7

"Past performance is not an indicator....etc". It's only 2 years ago I bought some for $0.36 when they were off the high of $0.45.

It's good to see H&H costs are now under control and the segment is now CF profitable.

Hopefully they can now turn their attention to the overall cost profile. Last quarter they were carrying H&H, this quarter it added $0.23m to net cash. The report comment "$4.2m cash payments for product, manufacturing and operating costs compares to $3.1m in Q4 FY20 as trade payable balances managed lower."

Can anyone translate that for me?

Also the GP margin has gone from 60% in Q3 to 36% in Q4 and 30% in Q1. Anyone else have any thoughts about this? I'd expect GP to be pretty high for this type of business.

PS Overall satisfied.