Ann: Gindalbie Receives Loan Repayment , page-4

You need to distinguish between the cash flow of the holding company (GBG) and the project (Karara). According to the latest quarterly cash flow statement:

http://www.asx.com.au/asxpdf/20131024/pdf/42k85rt8pm75xx.pdf

the holding company spends $2-3m per quarter on exploration and admin, and had about $6m left at the end of September. The loan repayment (from the project) will give them an extra two and a half years at current expenditure rate.

The project is supposed to be self funded, but obcviously isn't. That is why Ansteel has put up an extra $230m funding for the project, as announced in September:

http://www.asx.com.au/asxpdf/20130925/pdf/42jl6rby9ljrw3.pdf