Drawdown of secured revolving credit facility 20.0
NET DECREASE IN CASH AND CASH EQUIVALENTS (32.0)
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL PERIOD 27.6
Specgoldbug, they had a cash drawdown of $US32M AFTER drawing down $US20M,
so even with a $US15M VAT refund, it is not going to help much, unless the U3O8 price has risen a lot since 30th September. You tell me, what has the U3O8 price done since then.
At the 18/11/16 AGM presentation, they had the gall to put this on page 5, knowing that they had drawn down $US20M in the Sept Quarter.....
" US$25.0M LHM Revolving Credit Facility in place and undrawn at 30 June 2016"
IMO this will be in the hands of administrators before the year end.
PDN Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
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