More pertinent is the company announcement on May 29 where they said they would break even for the quarter, there could have been no reasonable basis to say that, they simply did not loose it all in the last month of the quarter.
The cash outflow is actually worse than the headline figure because there was approx 200k of cash coming in from selling plant and equipment, so the actual trading cashflow is even worse than 500k.
Also noticed that head office costs have remained the same, there was no reduction at all for the quarter, that also contradicts what the company has been saying
More pertinent is the company announcement on May 29 where they...
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