Ann: Appointment of Voluntary Administrators, page-19

Yep from last quarterly

You have to wonder just how much $ they were burning or how many unpaid bills they had delayed as they had 3.8 mill i cash at end of quarter. With electronic accounting these days ASX and ASIC should force basic accounts to be published to stop companies shifting payments till day after quarterlys report date. Then you could keep an eye on creditors and receivables

Funding FacilityIn November, Carnegie implemented a $2 million unsecured finance facility to provide funding foroperations while several key projects are completed. The Facility to provide funding has been providedby HFM Investments Pty Ltd, a company controlled by director Mike Fitzpatrick.


The remaining 11% of Northam if they received similar to previous is worth 600K but as a distressed seller?

4. Financial ActivitiesPartial Equity Sale of Northam Solar Farm to IBACarnegie completed the partial sale of its 50% interest in the Northam Solar Farm to IndigenousBusiness Australia (IBA) for $2,508,975, with funds being applied towards Carnegie’s remaining equitycontribution to the Project Partnership. Carnegie retains an 11.33% interest in the Northam SolarFarm.

Funding FacilityIn November, Carnegie implemented a $2 million unsecured finance facility to provide funding foroperations while several key projects are completed. The Facility to provide funding has been providedby HFM Investments Pty Ltd, a company controlled by director Mike Fitzpatrick.

Cash Position and LiquidityAt the end of the Quarter, the Group had cash and cash equivalents of approximately $3.8 millionincluding guarantee facilities of approximately $1.8 million. In addition, the Company had unused grants and loan facilities of approximately $28 million (see Section 8 of Appendix 4C for furtherdetails).