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"Credit Suisse analyst Paul McTaggart points out, the company has $90 million in available funds consisting of $10 million in cash on hand and $80 million undrawn from the $150 million KEBA debt facility.
“Cockatoo has sufficient funds to meet its 2012 funding requirements including any early works payments relating to WICET Stage 2 and SBR and fund the Baralaba BFS, “ McTaggart said in a research note to clients.
He thinks the sell-off is overdone and has retained his “outperform” recommendation with a 57¢ price target"
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