Raised $550k on rights issue with $330k tax liability, so qualified accounts are unsurprising given that assets have to be liquidated in a preferably orderly manner to satisfy cashflow demands. Also, possibly revealing that others have been enquiring about their coal leases; implies that a sale of these may be necessary, inevitable? Hard work to keep all these balls in the air.
Ann: Half Yearly Report and Accounts, page-2
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