Psst... go to the Balance Sheet and look at Cash less Borrowings...

Psst... go to the Balance Sheet and look at Cash less Borrowings when discussing cash positive/negative and the Statement of Cash Flows when discussing cashFLOW positive/negative. However, Perseus has been cash flow positive only in the recent quarter and they are now in a net cash position. Prior to this, their track record from 2016 half year to date has been rather disappointing too. That is why their stock price has not beat $1, and even giving to them their capital raising, their market capitalisation is still less than $500m.