You're more cheerful than me then niksniks. I'm pleased with the 2.4M raised from production and sales but despite this we've still taken another $6.7M hit to the bank balance. Another quarter like that will leave us on empty as there's only $8M left. Unless we see a cash injection from somewhere soon there's another raising in the not too distant future.
Nanook can you shed any light on the $4.7M "loans to other entity" entry or the $2.3M "administration" payment ?
The figures I'm looking at are none too flattering. 30,000 tonnes of coal sold for the quarter reaped a total of about $1M net of production costs. If the current cash burn keeps going we'll be needing to sell about 200,000t a quarter to break even. And that's SSCC not low grade thermal from Pakar or GPK.
KRL Price at posting:
14.5¢ Sentiment: None Disclosure: Held
