MBN 0.00% 8.3¢ mirabela nickel limited

a note of caution, page-13

  1. 34,333 Posts.
    lightbulb Created with Sketch. 9063
    If you have another look at last 2 quarter reports, you will reconsider what you said.

    Cash outflow for NEXT 12 months:
    1. Repayment of loan $50m
    2. Finance lease repayments $13m
    3. Interest payments on $379m unsecured notes: $33m
    4. Capital and explore budget ($40 - $18m already spent) $22m

    TOTAL CASH OUTFLOW : $118m

    Current cash $108m. ($10m short)

    Last quarter net cash from operating ($108m-$141m+$11m+$17m+$2m)=-$3m

    Relished nickel price $7.27

    To be cash positive from operating, it requires nickel price to be over $7.4 around.
    But currently nickel is hovering around $6.30, capital raising is required if nickel price doesn't climb over $7.4

    I was thinking to buy, now decided to sit side.
 
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