They have to submit Appendix 4c with breakdown of cash flow and estimate of next qtr cash outgoings. So makes sense to resubmit the qtrly with it.
Current balance $8.8m
Expected outflows this qtr $7.96m
With operating of cash receipts of $4.1m, i wonder what Q2 will bring. It will be healthy obviously with the spring carnival. $5-6m?
Let's split the difference and go $5.5m
Therefore expected cash balance at Dec 31 = $6.34m
The good thing is they have levers to pull to bring costs down (but obviously going aggressively to gain mkt share - as they should in their position). They may bring advertising & marketing down in Q1 and Q2
TBH Price at posting:
37.0¢ Sentiment: Hold Disclosure: Not Held
