Ann: Half Year Accounts, page-6

Sabine you are confused the information you gave was copied from the Annual Report June 2017 which is totally differnt to my posting of the Interim Financial Report for the 31st Dec 2017.
The Report Dec 2017 states the
'The total JV borrowings at 31 December 2017 were $9,438,626"
Also in Interim Financial Report
Total repayments made to Blue Cap subsequent to half-year end totalled
$7,330,787 (inclusive of the $600,000).
So BIG question is the current total balance 9,438,626 - 7,330,787=2,107,839
If so then the results of the current milling should put PFJV in the BLACK?

Interim Financial Report for the 31st Dec 2017.
(iii) The Joint Venture entered into an agreement with Blue Capital Services Pty Ltd to fund mining costs
needed to bring the gold mine into full production. Blue Capital Services Pty Ltd will fund mining and related
costs to a maximum of $7,500,000 until the mining operations are cash flow positive. The fixed return is
calculated at 30.7% of the accrued Working Capital Extension and at 31 December was $3,223,486 (30 June
2017 $439,094). At 31 December 2017, the Joint Venture had drawn-down $6,215,140 (30 June 2017
$1,430,274) on the Blue Cap funding facility. The total JV borrowings at 31 December 2017 were $9,438,626
(30 June 2017 $1,869,368) of which Empire’s 60% share was $5,663,176 (30 June 17 $1,121,621) inclusive of
the facility fee. Blue Cap has a mortgage over the Penny’s Find Gold Project Mining tenements until the
borrowings and fixed return are paid in full.