MNE 5.26% 3.6¢ metallum limited

mne, page-35

  1. 748 Posts.
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    ok Askari, i'll bite.

    I agree with arguing around the use of the word 'everyone' - so we need to have a second argument around your use of the word 'evidence'. what evidence did you provide that a CR was not required?

    IF (let me repeat, if) they finally ship something to the mill, that is the only way that a CR is avoided.

    $2.3m in the bank at start of last qtr.
    $1.1m estimated spend (let's assume costs were cut and they spent $800k)

    So $1.5m left in the bank at the start of the month.

    approx $800k due in 5 weeks ($750k usd).

    leaving $700k available. that is too tight to run a mining operation. my stance hasn't changed, the only way they can avoid a CR is to ship by the end of next week...
 
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