hi sydney, correct, reality is they have drawn the full $40m...

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oxxa23

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04/03/19

21:08

Post #: 37649847
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Originally posted by sydneyguy ↑

Frist 20 M with Tribeca was for 5 M loan red coast, 15 fines and working capital
second 20 M line of credit was for ASX listing, but has now been used to repay 13M in other debts, 7 M is the net money for working capital.

Reality is that they cannot actually draw any more money they are fully drawn

boo hoo, penuts, minuscule - whatever you want to call it.

But the debt isn't 40, its 51 M plus as of today.

As for AJM, said it wouldn't be cashflow positive from operations, and if you back out a prepayment recd and put costs into operations (they haven't declared commercial production so they are elsewhere) its definitely was not ,,,,and as I said to others that said I couldn't read or understand anything the night it released its figures,it would need capital,,,,turns out morning after they released the qtrly it went into a trading halt,,,and,,,,raised capital.

pls - did you see their spod qtr on qtr production increase? 300 % close to 50000t or TA production doubled - think they are doing quite well.

lol,,,,,,,,

oh its about Sydney guys tension now...…...classic henry anything to divert I guess away from the subject

As for offtake, wasn't that due a while ago?, despite claims that the market was super hot for great product?

do you think it still need more upfront unsecured payments to help with cashflow even now that its apparently close to 155ktpa?

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hi sydney,

correct, reality is they have drawn the full $40m from tribeca and co.... reality is they also could have left it as it was, and drawn down an additional $13m to this... which they've chosen to go against...

A40 Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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hi sydney, correct, reality is they have drawn the full $40m...

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