COK cockatoo coal limited

Hi all,Correct me if im wrong as i have just come across COK and...

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    Hi all,

    Correct me if im wrong as i have just come across COK and started looking at the recent quarterly.

    By the look of it they only have $5.2 MILLION left in the bank.

    They have a total of $155 million DEBT which has all be used

    Next quarters total expedeture said to be about $24 million

    In the last 9 months they have lost $48 million.

    They are opperating at a huge loss

    So how can they afford to stay afloat if they have no money, opperating at a loss and massive debt.

    Market cap is $58 million

    I have to say it doesnt look good.

 
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