how was your quarter?, page-78

Losing money every quarter plus interest payments will erode their available cash and funding facility.

"The statutory operating loss of $25 million for the 3 months ended September 2015 reflects a $9 million deterioration over the corresponding period in 2014"

"Liquidity at 30 September 2015 was approximately $153 million, comprised of cash balances totalling $129 million and a further $24 million of availability under the Company’s ABL facility, and represents an increase in liquidity of $8 million from 30 June 2015. Subsequent to the quarter end, the Company used approximately $20 million of its cash to fund senior note interest payments due 1 October 2015."