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Ann: TOV: ABM Resources NL 01R Panel Receives Review Application,TOV-ABU.AX, page-21

  1. 843 Posts.
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    Jim
    you are correct that we can expect more cash flowing into May. I worked on figures to end of April we don't have a lot to go on past there. I expect that lock-up might get us another $1.5m and this will be offset by some additional costs to an extent. It gets very hard to nail down actual cashflows at the end of a closing down scenario. Payments will roll on for some time after revenues cease. I understand just about every employee has been given the old red card now, so termination payments may be pain this month or next. A dog's breakfast to say the least. Let's hope we don't have any law suits to contend with re contracts etc!
    Cheers
    PB
 
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