They managed to reduce liabilities by $6m from Dec 15 to June 16. Pretty much $3m each to Quintana and MRI Trading. Interesting that only $3.5m of the Quintana liability is due over the next 12 months. $5m due to MRI in the next year.
Trade payables at 30 June stand out and hopefully the tsunami of capital raisings since then has helped cut into this. Hopefully with full production up and running in August there is some significant operational cashflows kicking in.
Then there is the convertible notes.....
KBL Price at posting:
0.2¢ Sentiment: None Disclosure: Held
