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448 Posts.
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07/05/11
15:27
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"So much cash"?
It will be interesting to see how much cash at the end of the June quarter.
The way I added it up:
If cr is complete 18mil
Cash at end of Mar qtr 2mil
3 months income 9mil
Cash earned before ann 3mil
Total cash in bank 31 June $32million
This figure could substantially increase if they crank up production.
VAT holiday for four mths, so most of earnings retained.
Present outgoings do not look like making much of a hole in this.
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