Ann: Lenders Update , page-2

So, in summary:

- Cash has fallen from 31 Dec to now by $2.2 million - so still cashflow negative; and
- Subject to further extensions it needs cash for:

Interest - $2.3 million (plus a bit more for the extra days)
Debt reduction - $65.7 million
Sedgman- $3.2 million
Working capital - $10 million
Raising costs - $0.5 million
Broker Fees - $4.3 million

Total raising - $86 million

Subject to demands of financiers, all by 29 April.

Good luck with that one.