It will take a while to digest this report. Many have said I was crazy but please note that cash went down $4.0 M H1 + while company lost 12.9M This was accomplished by not paying vendors selling inventory a change of 10.1M 53M – 43.8 M Most of this in Q2. Selling inventory is very good for a cash strapped company but it is a finite resource. Same with not paying vendors
Accounts payable are in line with any other period so not sure how you came to the conclusion above.
Inventory includes raw materials, consumables, finished goods and work in progress. Finished goods, which is what can be sold, only decreased by $0.9m.
Overall your analysis lacks any credibility, as usual.
It will take a while to digest this report. Many have said I was...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |