Hey folks. I think we have to read the cashflow with a pinch of salt. The cashflow report section 1 to 6 is for Tawana (Alliance subsidiary) and not consolidated group! Why I say that? The opening cash balance (4.1) is 11,404 (000) and that's the closing cash balance of the previous Tawana cashflow report ending 30-Sep-2018.
But section 8 on the loan and section 9 on next quarter cashflow requirement is for the group.
I also checked Alliance balance sheet ending 30-Sep 2018, AMAL had A$18m of cash and cash equivalent and another A$17m of current assets (receivables, inventory etc).
Hence, the A40 quarterly cashflow report does not tell the full picture of the next quarter cashflow. Best to wait for the consolidate cashflow statement from Alliance on 14-Feb.
A40 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
