Don't know if I'm reading this wrong or not.Looking at Cashflow,...

Don't know if I'm reading this wrong or not.

Looking at Cashflow, there's been $1.127mil more going out than coming in, or $1.545mil over the past 6month period. The estimated cash outflow for the next quarter is $6.56mil. Not sure if that's the net position or just outgoings but in any case there's only $5.528mil in the bank. That sets us up for a shortfall in the current quarter. Even if there's $1.47mil revenue as per last qtr it still cuts it fine.

I've not done the maths yet. I know some of the money from Kronos was through a shares issue and the remainder from a licence agreement (or something similar) but don't know if all of this has been accounted for or if the licence agreement will be paid over a number of quarters to keep Austpac going. It just seems that cash will be an issue before sales of briquettes and HCL occur to other parties.

Does anyone concur? Feel free to put me in my place if I'm not reading this right.

Thanks