At the end of March quarter cash and bullion/dore totalled A$54.8 million, comprising cash of A$41.0 million and bullion/dore of A$13.8 million.
Kingsgate also had the following debt outstanding; the fully drawn Akara loan facility of US$125 million and a further A$20 million drawn on Kingsgate’s corporate facility. In addition, Kingsgate has a A$35 million convertible loan outstanding.
Total debts = US$125 (A$135.5) + A$20 + A$35 = A$190.5mil Net debts = 190.5 -54.8 = A$135.7mil
I guess shorters are anticipated some drop in the SP... The current shorted position increased by 1.46% to 6.72%... about 10mil shares shorted..
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