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29/06/18
11:14
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Originally posted by HotRods65
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But it's all spent. They are still in the red as per cashflow forecast for this quarter. This type of announcement really illustrates how(I perceive it anyway) they only release good news. Why not take the opportunity to tell the market the companies current cash position and if it is funded to achieve goals etc. More importantly confirm it's not trading insolvent as indicated by the last financial forecast released by the company.
Tell the market how it is managing it's cash levels and be open and transparent.
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Last FY18 business day. No time like the present.
They might not have committed as much expenditure as they said they would in previous quarterly, which would also explain turnaround time of development etc.
Magna seem to have sold every. single. announcement. I hope they can f off.
Last edited by
wagold :
29/06/18