So in the past 6mths $9.6m on plant #1 last qtr spent $5.6 m on progress payment on plant #1. KCN incurred $6.2m negative operating cashflow... A
Just wondering can anyone recall what the estimate total cost of refurb plant #1 that was mentioned at the AGM? I think it was $13-16m.. so assuming this qtr 1 CY24 sales receipts are about the same as the prior qtr and I think this qtr'e progress claim is less than the previous .. I forecast that Mar Qtr will barely positive operating cashflow..
As per my previous post expect production to double by the June Qtr.. should be sufficient FCF to pay $11m loan.
So in the past 6mths $9.6m on plant #1 last qtr spent $5.6 m on...
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