proposed capital raising, page-8

the problem with 1/4ly cash flow statements, is that unpaid creditors, are hidden. some companies, give a cash balance, which is net of creditors/debtors.

kmc in the first page of the 1/4ly, mention "cash plus receivables .. $3.5m". the cash flow statement showed a closing cash balance of $2.25. it now seems, that creditors must have been owed about $6m.

the proposed capital raising, is probably not enough - and a fat chance, that anybody would lend them money to build a mill etc