So what plans have AQA for the $500m in the kitty. The current quarterly burn rate is about $50m. Planned CAPEX (West Pilbara project) as I understand it, will swallow all of the rest and some - unless a hold is put on CAPEX. Should we expect an approach to shareholders for cash in the next 12 months to enable West Pilbara to proceed? Have directors clarified things, did I miss something, should I worry or have I just got things back the front? The healthy cash proceeds received last month from the sale of AQA's 50% stake (and loss of cashflow??)in the Isaac Plains coal mine didn't do much for the SP. Why is this so.......... Any dip in the market is likely to adversely affect the SP of AQA - I don't have stock but am watching.
AQA Price at posting:
$2.28 Sentiment: Hold Disclosure: Not Held