White seeks to stem cash drain

WHITE Energy has a number of projects in place to reverse its negative cash flow, including development of a binderless coal briquetting plant in China and the sale of its share of its US Mountainside Coal company.

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White seeks to stem cash drain White seeks to stem cash drain White seeks to stem cash drain White seeks to stem cash drain White seeks to stem cash drain

The company answered a query from the Australian Securities Exchange about its cash position and admitted it should continue to have negative operating cash flows in the near to medium term.

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