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Ann: Operational Update, page-19

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aiken989

224 Posts.

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16/04/18

18:18

Post #: 32489209
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Originally posted by Idle Wanderer ↑

Net cash of $1M per quarter isn't going to pay back the $2.5 M of Convertible Notes due on 30th June, Ian. Are you betting that the note holders will be willing to negotiate an extension or rollover?
CTL have already notified that the grades coming out of Maldon are lower than those that were coming out of A1. And nothing coming out of A1 at all now, just development costs, until after the end of this financial year.
Can't see 4 cents anytime soon. Can't even see 1.4.
It's unfortunate that such a relatively small amount of debt can't be repaid on time but that seems to be the probable outcome. Cap Raising maybe?

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Idle I do agree that there is some concerns but I wouldn’t panic just yet. I think you missed understood that victory north will be coming online during the dune quarter which means any time in April may or June, not next financial yet. Technically it could have already been fired seeing it is April but I would suggest we will need to wait until the end of the month.

CTL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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