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4.44% 4.3¢ greenwing resources ltd

ivy resources, page-11

  1. qwerty12
    277 Posts.
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    20/02/13
    00:17
    Post #: 11441171
    $11M sale proceeds
    less $1.1 est qtr cash outflow (to 31 Mar)
    plus $1.1 cash at bank at 31 dec
    less $3.8 debt o/s at 31 Dec

    equals debt free cash posotion of $7.2m or 45% disc to current SP

    plenty of upside beyond a cash backing if a nice project gets bought and the mkt likes it!!
    BSM Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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