Be aware though that it is before extra costs for OC development.
Just halting the royalty payments for one quarter would mean 2.2m.
Also end of December receivables and prepayments was $3m higher than 6 months before. That alone would save the situation.
The true picture in trade debt seems to be $35m minus $5.5m in nun-current recoverable vat and $3m in receivables, i.e. $26.5m. And when you have $96m in annual costs and 30 days to pay your bills it seems you would expect 8m in trade debt anyway, so trade debt is $18.5m in excess of normal levels.
TRY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
