What is everyone thoughts on cashflow for this company? I was getting worried their isnt enough cash to finish off a quarter and did some research. It seems like its $2 tonnes per coal being delivered from RANRICH which is fixed. At a production rate of 55,000 tonnes per month its 100k per month. Still not enough to finish of a quarter, thoughts?
Annual report doesnt indicate the company is in need of an equity raising. Only states it is an option:
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The financial statements have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and liabilities in the ordinary course of business and on the assumption of sufficient funds becoming available for the operations of the entity and its subsidiaries.
The basis of adopting the going concern assumption is dependent upon the Company raising additional funds from debt or equity sources, or operations becoming profitable in the future. The Company expects positive cash flow in the form of royalty and off-take margin from coal sales from the Ranrich Projects. Should additional funds be required to fund the projects, the Company would utilise the option of raising additional equity.
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