Let me help you out.
Roughly - we can compare notes after the next quarter.
Previous quarter ended (March) with 16m in cash, bullion receivable, and dore.
Previous quarter ended (June) with 18.5m in cash, bullion receivable, and dore.
Then
Add USD $35m (Nebari full loan) - $12m Nebari (Pay out old loan) - USD $4.5m (half Pref loan) = USD $18.5m * 1.52 = Aud $28m plus $18.5 = Aud 46.5m
I believe they lied about the debt (At Diggers) because we owed Nebari USD 35m and Pref USD 4.5m
We made 9,600 ounces for the quarter and are slightly cash flow positive.
KCN does not receive funds from gold until over a month after it is produced so it is literally impossible for there to be an increase in cash from the time the ounces were published in the quarterly until the presentation at Diggers.
Further to this 20m is 5,500 ounce in revenue which is over a month (close to 2 months) of production at the 9,600 per quarter rate. You are so off with this prediction is it not even worth considering.
Good luck with your analysis in future. I am happy to help where I can.
Woodfr0mTrees
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