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1,466 Posts.
116
03/04/17
10:23
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The on-going commissioning debacle is going to severely dent BLK plans for any suspensions.....
the cap raising done for 35m was meant for "expansion plans"
If you look at the last quarterly the cash outflow estimation is 38.38m
March quarterly revenue is roughly 15000 x 1600 = 24m
That is almost a 14m negative cash flow from this quarter ( not including the gold room fire cost yet).
on-going issues with open pit and underground will drag on into the next quarter with gold room taking another 2-3 weeks to fix.
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