Thanks for pointing this out. Helpful. Guess it depends in large...

Thanks for pointing this out. Helpful.

Guess it depends in large part on date used to identify cash position (before receipt of placement funds) and also timing of major contract payments (debtor conversion), which were previously subject to some timing issues relating to IH results (see announcement 1 August)

The estimate for the last 6 months would also have to factor in impact of the Cable Logic acquisition payments and working capital requirements, which conservatively may have impacted cash position by say 1.2-1.5M (particularly the working capital funding required in relation to the 45 staff that transferred to TPP payroll)

Overall I think the beefing up of the Company's financial fire power coupled with the enhanced depth at board level (bringing strong East Coast connections and experience) positions TPP for potentially rapid growth, and augurs well for C 2017 and beyond.