£875k6 Dec 2013 18:36
Trying not to sound like a deramper - today's RNS is very good. An unsecured 0% loan without repayment sends a very strong message.
Someone with better knowledge understanding feel free to correct me re. some of my niggles:
- the mine is I believe still closed, and it will take some time to get back into production, any stock-piles etc ?
- the margins on shipping thermal are not very profitable,
- there is the chance of expensive / protracted litigation (possibly vexatious)
- £875k is going to be spread thinly - Rapidtrade, Creditors, running costs ?
- additional LCL lending could come at some expense. (Elitheni running costs)
- iirc action is being investigated against the washplant suppliers as well - what is the current state of the washplant ?
- where are the strategic investors ?