*$10 million coming from the sale of VanMag assets.
*Current operating profit from mines.
*And I believe there is some facility that has not entirely been drawn down? (seems to be a bit of uncertainty around this one).
So from my extremely basic calculations there will be somewhere in the vicinity of $20-25 million available, not taking into consideration any undrawn credit facilities that may be available. This means they have to find $10-15 million from somewhere else.
Given we've had KORES agree to give us $20 million and EDF have agreed to take out coal to something to the value of (http://news.smh.com.au/breaking-news-business/continental-coal-signs-edf-offtake-deal-20100419-sovp.html ) $168 million dollars a year, surely someone will gives us a measly $10-15 million?
CCC Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held
