There's nothing to try reading. Re-finance is the way. Whoever they approach will see the opportunity here. Pavel has buckley's chance of getting any sort of control here. What happens if FCF from operating activities is say breakeven and there is no further (or very little CAPEX for this quarter). As at 30 April (4 months) they spent $130m in CAPEX. Do you think there's a lot more to go for this quarter? Did they say how much more for this quarter? They need to spend another $100m for the 8 months remaining. They had $200m in cash as at end of April. Also you say Logan coal mine has been idled. The only thing at Logan that has been idled are the open cut operations. Underground mining continues.
CRN Price at posting:
11.8¢ Sentiment: Hold Disclosure: Held
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