AUZ 0.00% 0.8¢ australian mines limited

Ann: Quarterly Cashflow Report, page-132

  1. 5,245 Posts.
    lightbulb Created with Sketch. 2576
    I was referring to the '$4mil needed for Sconi' comment.

    Money still to be paid for Flem, that is correct. Sconi is number 1 priority, I'm sure they have discussed delayed payment for Flem otherwise they would have had to show in outgoing for this QRT.

    No doubt a CR will come and most likely it is (part of) the reason for the steady sell-off since the BFS delay announcement. The big unknown is how long will SK take after BFS release to buy in...and what the next steps for finance will be...I watched the video from London presentation where BB confirmed in clear sentences " I get asked by instos where will you get 500mil capex from...we won't need to worry about that, as part of the deal for SK coming onboard early, they will fund it" and he said that twice during the whole presentation...now, unless he was on something, he can't just make this up.

    I made a copy of it and I for one will pursue this further if the need should arise.

    Up to everyone to make of it what they think.

    All IMO
 
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