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18/09/03
14:21
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re: *** another perth special/ munch
Munch,
You wrote:
" hardly any cash".
The cash position on June 30 and subsequent raising was $14.1 mill.
You also wrote:
"But having seen the balance sheet, the shocking p&l and the business plan I just see a big black hole".
If you had seen the Balance sheet you would have seen a loss of $2.578 mill last year or $1.85 mill if depreciation etc were brought into account".
That is very little.
You also referred to a cash burn of $75 mill. ( It was only $2.6 mill last year).
You shocked me Munch.
Gerry
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