But finally I wanted to ask you about something Pb
You said a while back simething about how when debt went below a certain amount it didn’t count as an essential factor in your calculations (sorry if I have misremembered ). Still NRW did refer to the fact it was continuing to be reduced in the results .
• Net Debt at June 18 $34.4M – (From the report https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6gi+yhGZruBxke92GA==.
That was 13 weeks ago.
Last year the average debt payment per week (31M divided by 52) was just over $596,000
.... multiplied by the 13 weeks since June 18 is $7.75M
So current debt may now be as little as $26.65 M which fits in with the stated goal to increase cash position - which at EOFY was
• Cash holdings of $58.8M.
Anyway all of these figures are ones I should be leaving to other people to discuss but in relation to debt, cash holdings and the hints of merger and/or acquisition being considered I wonder what your views are on financing such an enterprise (should it eventuate )
Thank you ....
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