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willjaboo

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19/11/18

11:13

Post #: 36554929
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Originally posted by just browsing ↑

JAT .. been called to the headmasters office!!

Jatenergy Limited (‘JAT’: Appendix 4C Query
ASX refers to JAT’s Appendix 4C quarterly report for the period ended 30 September 2018 lodged with the ASXMarket Announcements Platform and released on 16 October 2018 (the ‘Appendix 4C’.
ASX notes that JAT has reported:

 negative net operating cash flows for the quarter of $5,544,000;

 cash at the end of the quarter of $1,605,000; and

 estimated cash outflows for the next quarter of $16,830,000.
It is possible to conclude, based on the information in the Appendix 4C, that if JAT were to continue to expendcash at the rate indicated by the Appendix 4C, JAT may not have sufficient cash to continue funding itsoperations.

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