AJX 0.00% 1.2¢ alexium international group limited

I understand the idea of an overdraft/WC facility and how it...

  1. 1,485 Posts.
    I understand the idea of an overdraft/WC facility and how it works. Fully. But if you have a previous fully drawn overdraft of $7m and are only just cash neutral, then the new $10m overdraft has little effect, especially if the relationship between receivables and inventories vs payables is whack.

    I agree the fact that AJX are now cash neutral, increased facility is a positive in regard to the forward cash cycle, however it doesn't fix the legacy issue of the outstanding debt from product sold at a loss.

    Happy to be wrong. Great products.
    Last edited by DollarDan: 24/08/17
 
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