Decent Update - Start of the turning point19 May 2025 07:44
Starting to build cash balances and up US$110.4 million (31 December 2024: US$32.6 million). I expect them to continue to build cash over the next few quarters and finally work that receivables balance down which is starting to trend down now. If they continue to collect at this rate even without the lump sum payment Andrew talked about we could be close to $200m in cash by June end, if they have continued to collect same rate as Q1 which in thus will bring the net debt down. I fully believe if they continue to collect the receivables balance aggressively than we should be able to bring the trade receivables balance under $300m or even better if we get lump sum payment in the next few weeks or couple of months.