Anyone got any comment on what could be expected to be cash on hand by the end of the 3rd quarter of this FY? My calculations:
$4.4m just paid for research refund up to 13/14
$2.9m est refund for research for 14/15
$1.7m in assets (KY property and buildings/plant/equipment)
$0.7m boat sale and legal fees owed
$1.0m cash(current)
Outgoings
$0.7m this quarter
$1.0 est for 1st quarter next year(overestimate being conservative)
Total cash= $9.0m
I echo "don't buy coal", in fact stay out of resources.
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