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COAL of Africa (CoAL) had total unrestricted cash balances at the year to end-June, including cash held by operations available for sale, of $19.5m from $17.8m for the 2015 full-year, the group said on Friday.No revenue was generated during the period because all operations were on care and maintenance.Noncash charges of $12.8m included $1.2m for depreciation and amortisation and an unrealised foreign exchange loss of $9.5m, the group said.Auditors expressed doubt whether CoAL could continue as a going concern as the consolidated entity’s current liabilities exceeded its current assets by $9.6m.At 10.07am CoAL shares were 8.33% lower at 55c.

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