Palk,
Cash bleed in last 12 months is what is happened.
GBG $40 million equity raising completed to sophisticated investors 3 Dec 2012
GBG $22 million placement to Ansteel completed 28 March 2013
GBG and Ansteel loan $50 million each to KML 30 April 2013
Ansteel provides $275 million of bridging loans to KML 11 June 2013 (details of quantum of loans swept under the carpet until release of annual report)
US$100 million iron ore pre-sale agreement and
US$130 million new loan facility from Bank of China 18 Oct 2013
More money possibly needed before cash flow positive!!
SilentO
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