I looked at ASX announcements for MLM, the ASX Quarterly and Appendix 5 B cash flow reporting for the period 31/12/2015 - 30/09/2018
I have shown expenditure and income in separate columns to reflect the cash flow as reported.
During this period a total of $ 13,325,000 was raised through share issues, option and sale of assets. During the same period, there was $ 8,440,000 in expenditure reported.
The figures are from the Quarterly and Appendix 5B reported to the ASX and show expenditure and income as reported to the ASX and is publicly available.
I looked at the half yearly and full year reporting, but that became too confusing for me, I am not an accountant and found it easier through the Quarterly Appendix 5B which, if added together, ought to be the same as the half and full yearly I presume.
I do not know if it reasonable or unreasonable, but this seems a lot of money with nothing to show for it.
