Share
393 Posts.
lightbulb Created with Sketch. 16
clock Created with Sketch.
13/11/14
10:55
Share
Originally posted by Jackpot
↑
It was mentioned in the qty report -
Funding
The Company has received $37.0 million of restricted cash which is being used for working capital
and development purposes. The Company continues to manage its cashflow and is also in
discussions with various parties regarding the provision of mezzanine finance, the sale of a stake in
the Baralaba project, non-core asset divestments, and other innovative infrastructure funding
arrangements. The Company is also engaging with its major shareholders, Noble, SKN and Harum
Energy, as well as its principal bank, ANZ, regarding current funding and ongoing support for the
Baralaba project and the timing and availability of cash to achieve the project timeline. The
Company will update shareholders on the status of these discussions as they progress.
hopefully good once all done , they have come this far and moving into stage 2 , maybe a sale or another JV ?
Expand
Perhaps a 100:1 stock consolidation. Get it right back up to the $1 mark. Really give it some space to drop.