Yes the net cash figure of $257mil was the disappointment in the figures supplied - it would appear that X-Coal must owe them a heap of money again on US sales as I would expect that they receive all cash owing on Aust sales by the time the ships leave - the increase in the debtors figure at 31Mar over 31Dec will be interesting and it's a pity Management weren't forthcoming on this vital piece of info in today's report.
Attached is my schedule for estimated actuals for Q1.
CRN Price at posting:
$2.16 Sentiment: None Disclosure: Held
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