all the bad news has been flagged one way or another. 29m cash...

all the bad news has been flagged one way or another.

29m cash as of 30 Sep, add $85m cap raise = 114m

less
>$70m for production and development costs (refer Sep Q numbers)
$Xm for Burton CHPP refurb and accommodation that has now been completed (at least for the 1st module)
$16m repayment of Taurus Facility in December

add
Revenues for Bluff. No ships (despite saying there would be one in late October in the Sep Q report), but do they get paid on a per-train basis with M Resources? 40kt shipped post Q, along with another planned in Feb (taken with a grain of salt)

Revenues for BME. No ships. However 29 Dec announcement says 41kt have been railed and sold under a per train spot arrangement with M Resources. Curiously they say a cape size ship has been docked since 27 Dec ready to load. Was 140kt ready to be loaded as of 27 December? The 20 Jan announcement updated this to say there was 143kt at port. How much of this has been sold to M Resources already? Was this a thermal sale? It looks like the actual shipment won't be out until 11 Feb according to shipping websites - i think the ship is "Bulk Sao Paulo" - who has been paying demurrage for the 6 weeks? M Resources?

other questions
are they putting in production stats (ROM, saleable details etc) in the Quarterly for each mine
has burton mining started, when first shipment
still not entirely convinced there aren't some smoke and mirrors here.