Am I reading the cash flow report correctly?COK has $2.8 million...

Am I reading the cash flow report correctly?

COK has $2.8 million in the bank and $155m loan facilities fully drawn down? Yet, estimated cash outflows next quarter are $24 million.

Each quarter COK seems to be producing negative cashflows

It does look like a cap raising is imminent. I do note that next quarter they will not be so aggressive on exploration.

I really don't get this company's short term strategy amidst a very weak coal market. Poor money management in my opinion.