ABJ australian biodiesel group limited

cash status

  1. 1,258 Posts.
    My concern relates to the cash status of ABJ. As per 30/9/2006 cash stood at 3.5m $. The conversion of the 7.88m options will cost about 260k and another 1.85m $ is due payable for the Moree mill. THis will leave us with about 1.4m A$ in the bank. We have a 1m $ credit facility (overdraft) that makes it 2.4m $. Last quarter negativ op CF was about 1.8m $ + 6m $ negative CF from investments. Don't know exactly the capital needs in Berkly Vale or Narangba or Moree but bear in mind that they have to purchase the feed stock and at Jan 2007 the next payment of 0.7m$ in regards of Moree mill is due.
 
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Currently unlisted public company.

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