Chart stuff, page-74

Yes you are missing something. That is cash received in the last 6 months which could include $17.8 million in receivables at 31 December that would have been counted as revenue last year. The cashflow report does not tell us the receivables at 30 June so we cannot even guess at the revenue that will be booked for the last six months.

We will find that out when the half year accounts are issued by end August. Revenue for last half year may not look great, but more important will be details of the new contract in the southern Chinese lake which will generate revenue in the current half year. As Directors have not changed their forecast of $27-30 million for this calendar year I assume they think we are still on track as it would be reviewed at the monthly Directors meetings. They will certainly need to confirm or change it with the half yearly.