A quick run-through of the accounts: Cash on hand at 31Dec18...

A quick run-through of the accounts:
Cash on hand at 31Dec18 $A10.9mil of which $8.2mil has to be spent on Faboliden development as per HK prospectus.
Borrowings at 31Dec18 $4.2mil @ 4%pa repayable Jun 2020 plus they drewdown a further $1.0mil on 31Jan19 - the total facility is $12mil. They had repaid $5mil of borrowings from the proceeds of the HK share issue.
They did commence test mining at Faboliden in Aug18 and managed to remove 50% of the overburden before winter set-in. They will recommence test mining there in May19 and expect first production in Aug19. They expended $5.3mil in development costs in 2018 covering Faboliden and Kaapelinkulma(Cable Angle mine).
The Cable Angle mine is due to start production this month or Q2 at the latest.