Yeah, but with $600k in the bank as at 31 Jan, and fully drawn down on their debt, how do they pay:
- interest expense
- staff
- other site overheads
- opex to continue the iron ore ops
Unless they can get the FeV inventory crushed, transported and sold, or their trade creditors accept deferred terms, this may get ugly.
Yeah, but with $600k in the bank as at 31 Jan, and fully drawn...
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