KCN kingsgate consolidated limited.

ann: june q activities report, page-6

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    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..

    http://www.igmarkets.com.au/cfd/the-short-report.html
 
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