At the end of Sept the company puts their spin on the "usable cash" ballance as being $26M including Restricted Deposits ($14.8M). The actual "usable available cash" was infact only $12.1M. With the estimated spend for this quarter being a massive $31.8M. Hence at the end of Sept. the company was needing at least $20M it did not have and MAY NOT GET to finish the project.
Note also that there is no requirement for companies to report amounts due and payable to "outstanding creditors" either in the Quarterly report. Who really knows what is realy going on with this sham of a company. It seems that the $19M FACILITY (which still has not arrived) is needed immediately. Both that an the unplanned $9M SPP will be used up soon after Dec. 2012. If commissioning does not go as planned(RDR has always exagated)look out for their ANNUAL 2013 CR at $0.10c to stay afloat.
lastest report, page-8
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