ok so i have done some research regarding our cash situation and made a few $$ estimates/assumptions given we are not swimming in cash. note below does not consider anything to do with the sml account as i'm not sure how that works for lom's cash situation.
at end of september qtr we had usd 7mill in the bank
expected spend for next qtr is usd 3mill. so by end of december we expect to have approx usd 4 mill in the bank.
i assumed the following qtr we would also spend usd 3mill so by this assumption we would have 1mill left in the bank.
we also owe caterpillar approx usd 1mill which is payable by end of feb 17 or accrues approx 10% interest.
so assuming above spends happen then by the end of march 2017 we have usd 0 in the bank.
does anyone have any thoughts or comments to add to above?
Cash estimates/assumptions for 2017
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