MMI 10.4% 4.3¢ metro mining limited

Ann: Funding Secured to Strengthen Balance Sheet, page-4

  1. 5 Posts.
    Not very happy with the timing of the release after market open.....

    The quarterly talks about a hit of$15 M to cash flow from the cyclone and an over-run on the expansion capex- both logical and could have been anticipated?

    Anyway, looks like management has tried very hard to not do a dilutive equity raise.... thats a good thing! And removing some of the Nebari warrant overhang is also good.

    The royalty is clearly a short term debt instrument but more creative... that must mean they have confidence in market and operations for 2024 ?
 
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