Really appreciate your knowledge and effort Playdough. I was hoping you’d tell me that the Batu to ISP route was less subject to water levels, but thank you for confirming. I had kinda forgotten about Krajan, are those smaller barge runs to Batu still happening, along with the road haulage, albeit perhaps at a slower rate due to the road works?
So the plan will be to move as much coal from Batu to the ISP whenever the river allows? I presume the alternate haulage road is a long way off, pretty much irrelevant to our pressing funding issue at this point in time. The ISP will take months to be of effect won’t it? So this announcement doesn’t do anything for the immediate funding/sales issue?
That $3m of debt will be getting chewed through pretty quickly if the net cash flow is similar to last quarter.
CKA Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
