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0.9¢ cleantech lithium plc

Ann: Redemption of Con Notes, Financing Update and Appendix 3B, page-40

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D1326

651 Posts.

178

17/08/18

15:58

Post #: 35000348
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Originally posted by flyboy77 ↑

I presume you are referring to this Pokemon (from the half yearly report)?

View attachment 1244612

Surely, chunks of that $6.1m (as at 2017 year end) were paid off in the first 6 months of 2018?

Yet in this announcement:

The secured creditor is the con note - $2.5m. "Up to $5m", and yet $3.5m are prepared to roll over debt....i.e. $1.5m isn't. But the quarterly said $1.0m in liquids (including gold)?

But again, if the age old forecasts of Rogers and crew are to be believed, FY19 is going to the breakout year - 25,000 oz, strong cashflows, so why the need for a mega raising???

Any unsecured creditor with a few neurons will bide their time if they know the money is coming....

So, which is it?

Not much makes sense, that much I do know.

Expand

Sorry,

I didn't see that but the only long term debt is the note plus interest. Your trading payables fluctuate as do your provisions. One would imagine if you didn't pay your invoices they would chase you for payment and if the company has been accumulating debt since that report then why keep spending and predicting $8m in expenses each quarter.

CTL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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