Be aware though that it is before extra costs for OC...

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.