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93 Posts.
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29/10/18
12:54
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Only way back is to generate CF IMHO.
So far, GCY has been transparent and accurate on its qtly cash outflow forecasts (Sep Q was $43m).
GCY's Dec Q cash outflow forecast of $42m.
Dec revenue 19-22koz at ~$1.7kpoz = $32m-$37m ie Dec cash outflow of $5-10m (absent working capital movements and further FUs).
Not good enough to rebuild credibility I fear - need a string of CF positive quarters.
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