It would be reasonable to see a breakdown on where/who those redundancy payments were spent, at some point.
The company is right to jump on this. Capital preservation needs to be (one of) the names of the game, until reasonable finance is sorted.
I'm sure the company is doing this already, but they should obviously limit unnecessary works at Boikarabelo, which can be deferred until after finance.
The last thing I would be looking for is another CR, sold to shareholders at some kind of WMA premium to today's bottom-of-market, illiquid SP.
I'm pinning some hopes on a recovery in the oil markets, hopefully this year. This can't hurt coal, and might improve the finance deal which emerges.
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