Ann: Appendix 4E - Financial Report, page-3

Not a great report for my 1 minute of viewing timeframe IMHO.

1 m net loss is small but the cash loss is 3 mill. While 10m cash in the bank looks great now the worry is how long will this cash burn maintain or even increase by? Becusae after all there isn't any other work in the pipeline that has been flagged. All good and done if we were bringing in new work, but until now there appears to be no real update beyond the residential construction being done.

Revenue massively down but it looks like payments have maintained - more fixed costs sinking into the bottom line as operating cash loss still occurred, so obviously costs proportionately greater than review despite the reduction. Main concern is still the pipeline.