They are incredibly thorough pb - all presentations and reports show the hand of a master I reckon...
They have done an incredible job all round, including in terms of reducing debt AND increasing cash.
The early corporate note repayment announced a debt of $38M current in November
(corporate note repayment ) they were going to pay some down and transfer the facility to BankWest.
In today’s report it says ”Net Debt improved to $12.8M compared to $34.4M as at June 2018”
How does that all fit together please?
Does it mean they paid heaps off the loan facility when they transferred to BankWest or is Net Debt different ?
Ann: Half Year Results, page-13
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