RE: Where did the money go?29 Jun 2020 18:57
The cash collections are revenue not profit, it would drop down to circa $40m depending of course what time periods the collections are from. The note holders $20m injection gets taken by the Frontier swap, the AIIM $54m gets taken by $40m debt repayment and completion costs of circa $10m. That leaves circa $15m difference which will be mainly capex. Of course without knowing the aged debt summary its a vague exercise, but it does look like its where it should be.