Taking a look through the cash-flow it seems as though last quarter PZC spent around 1.4-1.5m on expenditure leaving them with 1.2-1.3m in the bank for next quarter.
With JORC resource update for August and offtake scheduled for September, is it just me or are we looking under pressure to run out of cash?
What comes to mind is with a low thermal coal price and cash running out...this has surely got to effect the negotiation power of PZC to any potential partners buying into the project. Alan needs a deal to keep things running or hand it off for the next stage.
I'm a holder with a fair proportion of portfolio in PZC so interested to know if my reasoning is close to or way off the mark here.
Anyone else care to comment who has a better knowledge of how offtake agreements work or the current cash position of the company?
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