Total operating and investing cash flow for the quarter is a loss of around $13 million AUD, which would equate to an approximate annual loss of $50 million, if repeated.
They believe their share price is under appreciated by the Australian market, and so have commenced investigations into listing on an overseas exchange, maybe the NASDAQ.
If they listed on the NASDAQ with these figures they would be crucified. Reality will kick in at some stage.
They spent $58 million AUD during the quarter on "other working capital". What do the Chinese consider this to be?
How much has it had to contribute for each of the business partnerships it has entered into?
At some point they need to step back, take a breather and spend a quarter or two consolidating their new partnerships, and becoming revenue positive for a while.
At least there is still $17 million AUD in the coffers.
And why are they still reporting only in RMB, surely it would not be too much trouble also including AUD in the reports, they do have an Aussie chairman, and they are actually listed on the Australian Exchange! It would just be a damn courtesy wouldn't it?
Gw
NNW Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
