So what happens now? WAL's cash cow CLR had big jump in price in Dec and has since been compulsorily acquired by Wealth Mining.
WAL said it realised ~$850K from sale of equities during the reporting period - can't tell if it was before or after price spike in CLR.
Either way, number of shares in CLR now held by WAL must be negligible in terms of realisable cash. Must be getting a little tight and not a lot of wriggle room to fund current qtr activities costing $240K with only $63K cash in hand.
Can the coal assets generate anything?
WAL Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held