1MC 0.00% 0.4¢ morella corporation limited

Ann: Quarterly Cashflow Report, page-2

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    lightbulb Created with Sketch. 1798
    Herein lies the reasons for the large dilutive CR. Less than $10m left in the coffers which with near on A$30m of obligations in H2 (interest A$13m, delivery on prepayment A$16m) they were never going to be able to generate the cash needed to keep their head above water.

    The report looks decent to be honest but don’t be fooled by a company definition of “cash costs” the cash flow doesn’t lie. All-in cash costs was A$938/t so they’ve still got some work to do to make it a cash positive operation. GL.
    Last edited by Cashmeoutside: 30/07/19
 
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