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The $10m placement was after q end so was not included in cash...

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elzephyrus

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19/12/18

12:43

Post #: 36905725
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Originally posted by Boshan ↑

The September quarter cash-flow statement gives the clue. Cash at end of period = $3.16 million(m). Sales in that period were about $30m.

Expected production expenses in the December quarter are $37m. So, despite expected increase in production, if sales do not exceed $34m for the quarter, then cash = oh dear.

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The $10m placement was after q end so was not included in cash at end of q.

Last edited by elzephyrus: 19/12/18

B2Y Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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