The pertinent figures in the Q2 report are:
Cash at bank 48mil
Plus:Restricted cash 27mil
Plus:A/cs receivable 6.6mil
Less:A/cs payable 43mil
Less:Current borrowings 20.5mil
Less:Capital committments 26.7mil
The restricted cash has now gone to pay-off their hedging committments to date.
Their NZ operations don't seem to be spinning out any cash especially after hedging for the next 27 months - and they owe convertible noteholders $100mil long term.
It all depends on what they can sell Didipio for as I don't think they can just sit on it for too long. Are current Management capable of getting anything for it?
I'm only holding hoping they can pull a rabbit out of the hat but not holding my breath.
The pertinent figures in the Q2 report are:Cash at bank...
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