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Ann: Voluntary Suspension, page-97

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Bugwan64

767 Posts.

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21/12/18

22:19

Post #: 36941209
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Originally posted by kojak78 ↑

Originally posted by Bugwan64
Yeah I know numbers. Just questioning the last 12 months of $50m+ FCF that should have paid off loans, given cash in the bank and dividends to all . I'm asking the question of some of the posts & trying to keep balance .

4 months ago we didn't have Ohio, & bridge to build. Now we have them, a capital raise and we can't repay debt when due (so much for the FCF). I scratch my head and raise the question, rather than believe everything. The share performance and delay in CR (still no announcement) needs to be questioned. The market and many others are smarter than me. I am a shareholder so shows my intelligence (damn it)!
Then again the September quarter gave us nearly 10m in cashflow, but before debt repayments. Instead of 50m cashflow think of it more like 35-40m. It just turned out that was not enough for the debt repayment (4m for Investec, 0-3m to trade creditors), loss of production (6-8m) and exploration / development of new deposits. And it was not FCF as FCF is in excess of debt repayments.
The non-reaction of the share price after the exploration results is indeed strange.
Let's get the CR behind us and hopefully we will make some money, OC should be good for a 5-Disallowed if it contains the 0.4m ounces explorations results seem to indicate.

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Would be good. I didn't find the $10m in the cash flow as from memory there was no mention of outstanding creditors post June.

I am a gambler on a $56m gold company paying down debt from production with hope of a big find in a proven area. I also usually punt on Saturday.

Sweet dreams.

TRY Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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