I'm inclined to think Lachlan was busy reviling in his success getting to first cash flow without running out of cash and selling the project to the west Australian Punters to even know that he was about to have a cash flow crunch. Hindsight is a wonderful thing, fore sight is at best a wish and a prayer.
I like to think I'm fully informed and ahead of the game but was surprised when I did an in depth study of the numbers.
Joe was likely back in Adelaide looking backwards finalising the accounts and it took an Auditor to do the forward cash flow numbers in his "going concern" calculations to spoil everybody's week of celebrations.
Hopefully we will be back on track and only a little bruised when we calibrate what lies ahead a tad less enthusiastly next week..
HGO Price at posting:
6.7¢ Sentiment: None Disclosure: Held
