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Bathurst Resources Reports Negative Cash Flow of $5.67m for the 30 June 2012 Quarter
30 Jul 2012 | 10:44:00 | Associate analysts | Increase | Decrease | 
Original announcement: Quarterly Activities and Cash Flow Report June 2012
Bathurst Resources reported negative cash flow of $5.67m for quarter ended 30 June 2012. Operating cash flow for the period was $(6.08m). Payments for exploration and evaluation were $(1.97m). Investing cash flow was $(378,000). Financing cash flow was $787,000. Cash in hand at the end of the quarter was $53.82m. The Company reported total coal sales of 45,958t were recorded in the June quarter, 15,507t from the Cascade mine and 32,451t from the Takitimu thermal operation in Nightcaps; Bathurst received a positive decision from Judge LJ Newhook regarding the relevance of climate change; and the Company received approval from the Overseas Investment Office of New Zealand for the strategic acquisition of land adjoining the Takitimu operations.
Consolidated Statement of Cash Flow for the Quarter ended 30 June 2012
| Current Quarter $A'000- 30 June 2012 | Year to Date $A'000-12 Months | |
| Net Operating Cash Flows | (6,076) | (19,491) |
| Net Investing Cash Flows | (378) | (16,506) |
| Total Operating and Investing Cash Flows | (6,454) | (35,997) |
| Net Financing Cash Flows | 787 | 2,100 |
| Net Increase (Decrease) in Cash Held | (5,667) | (33,897) |
| Cash at Beginning of Quarter/Year to Date | 59,586 | 87,419 |
| Cash at End of Quarter | 53,823 | 53,823 |
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