-
Share
293 Posts.
5
16/09/17
18:26
Share
Here you again ramping, didn't you say it has to close gap at 4.1c when it came back.
Debt:
Performance guarantee and working capital facility
Lender Taurus Mining finance fund
Term 24 months
Interest Rate 9%
From last quarterly June 2017 owing $65 mill which needs to repaid in less than 12 months August 2018
Cash = Performance guarantee leaves only a few million in the bank
Purchases of new equipment $24.5 mill will put them in with $0 in bank
Let's not forget they haven't been selling PCI anywhere near contract prices.
Coking coal & PCI are headed down in price.
Isn't looking good is it
-