Jaquar seems to be the big suprise of the report, a bit dissapointing regardless that it's a bit of an up and down operation.
So as far as cashflow goes T & L more or less cover J & corporate.
The overall drop in cash position of about $4o mm then corresponding roughly with Nova and dividends paid.
Looks to me (at a quick glance) like if they achieve forcast for Nova for the June Q that the next cash drop should be halved or better. Still not really good enough imho.
Not going to get any gold stars from the market for this report imo.
EL
Ann: March 2017 Quarterly Activities Report, page-6
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