quarterly out, page-24

A look at the last 4 quarterly reports shows that CDU have gone through cash of $101.3 million in that time. Thats an average of just over $25m per quarter.

The last 2 quarters ran at $30.7 million and $29.9 million each.

The $26.2 million left in the kitty won't last this current quarter at their going rate.

The completion of all the loan requirements therefore becomes quite urgent indeed.

The very first announcement had them doing the paperwork in 14 days. 6 months later, the task is still on-going but now very urgent.

There is a lot going on to keep the construction moving forward and a lack of cash would put a big spanner in the works.

News on progress to complete the loan conditions is thus important over the next few weeks in my view.

Cash is king as i said a long time ago. A few less buybacks would have left millions more in the kitty.