YMBJ 2015 is a long way away for CCC. They were down to $5m cash...

YMBJ 2015 is a long way away for CCC. They were down to $5m cash at the end of the June qtr, despite receiving $8m equity and the proceeds of Vanmag. The last cash flow numbers I think were for the 6mths to Dec when they burnt $6m from ops and after interest costs. Things tougher now as spot export coal dropped to early $70s. Based on the Dec accounts they had $14m of debt and other financial liabilities due before the end of the year. How will it be repaid? I know there is some standby facility but from memory that turned out to have a dilutionary element itself. If that doesn't sound bleak enough, obviously its a lot worse given that I believe most or all of that current debt is at the hold co and CCC have said before they can't upstream cash.