BME being coking coal from now on should help. But then you also have debt repayments being an issue. Slowing capex on module 2 again should help. But then you've got the usual ramp up money sink of Ellensfield South with upfront costs and quarter+ delayed revenue.
Still on a knife's edge. The balance can easily swing +- 20m in a quarter and if its negative that's another cap raise or the towel thrown in. Coal price need to not get any worse (which seems to be the case), Bluff needs to go, and logistics need to perform better....oh and while you are at it: don't let it rain.
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