General discussion, page-3426

This is doing my head in.

On one hand, we have Jamie saying they only got the last loan as insurance against some catastrophe happening such as Plant 2 breaking down. (yet as soon as the loan came through, KCN drew the entire loan amount out and deposited it into their bank account, thereby having to pay interest on the entire amount, when they could have just drawn on the loan if and when needed, thereby saving on some interest).

then on the other hand, I read that miningnut and old folk reckon KCN is going to spend all that $24 m in bank and to have run out of money in April just before hoped for big money comes in in May.

@miningnut and @Oldfolk, how can KCN burn through that $24m, most of which is supposed to be just emergency contingency money, between now and end of March…or am I misreading things?