Gee Viney, "Maths without context can give no answers".
Can you please advise what I have fabricated from BTU September Quarterly.... as I even made the effort to cross reference.
If you read my previous two posts together I think it gives a context of my thoughts.
Anyway to avoid your concern, that I manipulate actuals numbers provided by the Coy, and then give my opinion ...which I thought was the intention of forums maybe you can assist with answering these questions:
1. DO you think the September Quarter was a bad cash burn or are you are happy for $14.4M to go out the door. leaving $39.7M. Especially when you consider Page 7 of the MD's Presentation on the ASX today, indicates Decision of appeal Q1 2013?
2. Are you saying that on Page 5 of their Quarterly when they say that ASX $3.9M relates to upgrading port and it is Stage 1 of $23.5M (total expenditure reiterated in NZ$ in the MD's presentation on Page 11 )... that the reminader of the expenditure is not by BTU's.
3 Likewise, a fresh comment on cashoutflow... Bullet Point 2 on page 15 of MD's presentation "Consent for Revised Infrastructure" does that also not mean additional cash outflow to allow them to ramp up production.
BTU Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
