RE:What do you see?GarryF1, if you look at the details of the accounts in the notes, things are not as bad as you think. The actual current assets are really in the region of $16mil. The current liabilities include $13mil that relate to tax credits on FT funding. This can be cleared when expenditure on FT activities are incurred.
The net position therefore is more in the region of $6mil surplus. PP is very close IMO, but will they issue the RE first?