Picking up on Scottjack request for a new thread and Jantimots comment
“Sure, there has been plenty of speculation but nothing has come to fruition. The most current FACTS from the company's Full Year Statutory accounts are cash at bank at 30th June, $48m. Creditors at 30th June, $4m. Contractual commitments, $54.7m.
If there had been any significant financing arrangements finalised up until 30th September then they would have been included under note 27”
Therefore how much debt/equity needs to be raise to provide enough working capital to get the Plant through commissioning and into positive cashflow?
How long will commissioning take before they are cashflow positive?
As a quick and dirty, it cost Sandfire $43M in September 2012 qtr to undertake their commissioning. And by the December 2012 qtr they were cashflow positive.
So does CDU need another $50M and it will take 3 months once they announce they are in commissioning?
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Picking up on Scottjack request for a new thread and Jantimots...
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