written offers to for all three coal assets, page-7

That is good news, wonder who the other written offers r from.

Last week somebody asked a question abt Adani's cash reserves. End of March qtr, they had Rs 30bil (at forex rate of Rs47:1US$, thats equivalent to US$638.2mil). Their recent cap raise via the Insto's as mentioned in the media recently, is obviously meant for other future transactions.

Meanwhile, Linc can do lots with the cash frm their tenement sale + any future royalties they negotiate.

As per the current qtrly, cash on hand is only A$9.159m with an outgoings of A$18.2mil for Q3.

Which means they dont have much of a choice but to dip into the available finance facility of A$66.319 mil.

Hope they can resolve the sale soon.