with only ~AUD5m in cash at the end of last year and USD3m...

with only ~AUD5m in cash at the end of last year and USD3m payable they would have been pretty close to the edge from a cashflow perspective. I think they still have a further ~5m if needed to draw down on a loan facility so they have room there, but quite expensive from memory

well the positive is that at least syneos has accepted a deferral on payment and they are hopefully in a diff position in Sept from a cashflow perspective.....hopefully cashflow positive on the combined AUD price increases, traction in the US and monies coming in from NZ (UK seems to be a lost cause at this stage)