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Just thinking on this again, $2.5 million at the start of the...

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PICT

4,667 Posts.

1062

01/08/17

00:23

Post #: 26201556
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Originally posted by PICT ↑

SQM provided the loan in June this came in at AU$2 million, if it wasn't for this KDR would have only had ~$500,000 in the bank!!! They cut it close.

In this 1/4 the expected spend is $3 million so a spend of $1 million a month, so again if it was not for SQM they would be out of money and have to do a CR or another loan, I'm glad the figures now prove what people were saying before.

Any money from MZN won't come in for a while, it definatly won't be the figures people are chucking about here with no substance, i'm guessing KDR won't see any money from MZN for ~2-3 months minimum

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Just thinking on this again, $2.5 million at the start of the 1/4, estimated spend of $3 million in the 1/4, the SQM deal to be done hopefully by 30th Sept which is right at the end of the 1/4, only then can they draw down on the loan, so where is the extra money coming from??

From my figures I can see a missing $500,000 just to stay afloat, please correct me if I'm wrong?

KDR Price at posting: 58.0¢ Sentiment: None Disclosure: Not Held
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