$294m in bank BUT $47m of that is restricted for reclamation bond, a further C$43m of that will likely need to be paid for the same (subject to Cad gov maybe / maybe not), additional $33 needs to be paid to ATO and $12m transaction fee paid from cash balance. So net cash is actually at worst $160m at best $200m (subject to Cad gov) or $0.20cps. Atlantic will have a non-cash impairment cost of $80m (the gift that keeps on giving, thank Mr. Vassie for it) for EOFY.
As I've said on these threads before, Atlantic needs to be sold for a nominal value ($1) to get it off the books and SBM needs to get Simbri sulphides expansion development expedited far sooner than the current strategy.
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