From the G6M quarterly
"The reduction in mining volumes has allowed the mine to demobilise two 777 trucks from the fleet, with the remaining two 777 trucks and 150t excavator to be demobilised in the coming months."
I can only assume that it was the two 777 trucks that converts to the Proceeds from the disposal of:
"(c) property, plant and equipment - $2,176,000"
Does the disposing of the remaining trucks and excavator in the coming months mean that the G6M open cut operations are coming to a halt?
It seems a bit odd to me. I also don't understand how between the G6M March quarter and the G6M June quarter point 7.3 in the cash flow report went from:
March 24 - $7.1m drawn of $10.3m Mobile fleet finance
to
June 24 - $3m drawn of $10.3m Mobile fleet finance
Did they pay back $4m of the fleet finance debt? The same cash flow report only has $978k in repayment of borrowings and leases
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-54
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