Now that the AR is out we get a glimpse at the real cash...

Now that the AR is out we get a glimpse at the real cash position.

as I suspected all along there was a real build up of creditors with the number being 2.2 m. (more than my original guess by 0.5m)

cash is 2.5 and receivables 3.6 (including the Research grant)

Therefore I think there is still less than 5 m in the bank. (net)

raises lots of alarm bells for me.

is this enough to get the DFS completed by the end of the first quarter 2014?
how much have overheads actually been cut?
what is the priority for this net cash, and why look at anything other than Mt Peake?

UM