WEC - Quarterly:
Cash used in period to 31st March 2018 = A$379,000
Cash down from A$1,368,000 to A$989,000.
Estimated outflow of cash in next quarter = A$100k
In the next quarter, cash outflows from Group companies are expected to include part repayment of loans from the minority shareholder in MCC, and cash inflows to include coal sale and royalty income, loans from minority shareholders in MCC and River Energy, loans from substantial shareholders, asset sale proceeds and released reclamation security bonds.
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Kangaroo Resources shares finished at 25c and a market cap of A$72m. Bayan's holding is now worth A$39m. In White Energy's long running dispute with Bayan, Bayan's shareholding remains frozen. http://www.conventuslaw.com/report/assets-in-western-australia-frozen-ahead-of/
WEC - Quarterly: Cash used in period to 31st March 2018 =...
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