re: Ann: Quarterly Activities Report and Cash...
This tinkler issue has become a concern..they will have enough cash to get through to end of March qtr, but surely either a combination of Noble turning that debt into equity, taking a bigger stake or a cappy raising is only way forward here...all highly dilutive and nowhere near the 30c per share that fat boy slim was locked into.
Have no doubt that there is quality in the ground and quality in the managment but cash talks....a perfect storm has hit really...downturn in coal sentiment, Tinkler and all of his bullhsit and Qld floods.
They need to prove this up and get it out of the ground.
BWD Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
