Ann: Trading Halt, page-25

HI tjsol

It would be great if there was $34M in cash to pay the royalties.

We will have to wait to find out if the Post Quarter $7.5m that went into trust came from post June cash flow or the June cash balance.

You seem to be glossing over all the other liabilities that were sitting in the balance sheet at 30th June.

With all the provisions there was a current account deficit. Current Assets $30 current liabilities $35m.

They will always have inventory to fund and they might not always be able to maintain a $10m nett debt to payables after receivables are collected.

Borrowings or a CR are not out of the question.