Per last quarterly they stated they were negotiating a debt facility to provide additional working capital.
Would like to know where this is up to as clearly they will run out of cash soon. $8.3m cash at end of December, not expected to be cashflow positive for Murchison until June 2013, but the killer is the capex costs for Murchison as moves to phase 3.
If can achieve forecasts then expect to earn around $12m per annum.....
KGL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
