Originally posted by Seb93
Only thing I can find is payments to directors and their associates being 109k which is what has added to the Admin and corp costs. Besides that I'm pretty happy with it.
Yes a CR will be required sometime in the next 3 months if we don't get the money from the divestment's. I don't mind as long as its after all the results have been released. A lot can happen in 3 months.
Assuming cash outflow projections are out by 50% as each of the previous two quarters have been out by over that amount.. lets assume $900k spend next quarter not the listed $600k.
Going off that at 30 July we had $1.18 mil, 1/3 of the quarter has passed so deduct $300k... leaves us with $880k... how low do they let cash go before raising?
There is a possibility that we will recieve $500k cash for Mt Adrah and Halls Peak... but I am not holding my breath.
I personally doubt they will let it drop much further as both JB and MF have hefty salaries they will want to protect.
With whats happened with AVZ recently we are going to need stellar results to get any form of re-rate.