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7,131 Posts.

04/02/16

17:09

Post #: 16943473
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Originally posted by djp ↑

ADO were due to pay an upfront cash component of EU7.7m at the end of January. This is approx AU$11.7m, but it was to be offset by a subsidiary's loan of EU1m (AU$1.5m) for a net AUD outflow of $10.2m for Diasource.

At the end of December, cash on hand per the Qtrly was $6.9m after including the Dec EI of $6.3m. According to the Qtrly, a further shortfall placement of $1.7m was still to be received as of last week. There is also an R&D tax offset still to be received - amount not specified - (does any body know?). The timing of the R&D receipt wasn't specified.

The cash balance after all the above events was expected to be $3.7m. This is where I need help with the numbers......$6.9m + $1.7m + R&D $x - $10.2m (net DIA) = $3.7m. For this equation to balance, the missing R&D amount has to be an improbable $5.3m.

I've obviously misinterpreted or missed something. Any helpers? (There was a placement of 9m shares in late January which looks as if the proceeds would've barely covered paying out the Canadians so I've left both transactions out of the above equation)

I assume ADO has been able to defer the upfront cash component, or instead pay it by instalments, so as to align with the timing of the receipts of both the shortfall placement & the R&D refund.

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Genuine question deserves a response.

http://www.asx.com.au/asxpdf/20160106/pdf/4347f9pzwhsblt.pdf

TB - we have a disease - I bought some more too.

Now back to March . . .

ADO Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $54.30M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$5.874K	268.5K

Buyers (Bids)

No.	Vol.	Price($)
6	1154547	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	299898	2

View Market Depth

No.	Vol.	Price($)
5	1154535	0.021
10	2067550	0.020
8	2925136	0.019
10	1652665	0.018
4	194160	0.017

Price($)	Vol.	No.
0.022	299898	2
0.023	857853	5
0.024	1306228	3
0.025	195344	4
0.027	680612	2

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