Yes our net cash position was $2m at the end of last quarter so effectively the amount owed is now $9.2m plus inerest but has reduced due to a strengthening AUD, should be below $9m now. In the interest of maintaining a strong balance sheet and the fact Hillgrove has not come on stream yet they will probably stick with repaying $US 2m quarterly untill Hillgrove does come on stream but whichever way you look at it its not a big burden.
Following last quarters poor result this quarter can only be better and as you say could supprise to the upside, any revenue over $30m would he a good result and that could certainly be exceeded...we will find out in 3-4 weeks...
Cheers Whisky
RVR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
