A40 alita resources limited

Ann: Consolidation of Financing Arrangements, page-62

  1. 13,192 Posts.
    lightbulb Created with Sketch. 2823
    lol the bias rubbish, don't worry about what you think I have done, just read and discuss the accounts



    Its almost at nameplate, or at least that is what they continue to guide - teething problems? add up the impairments and if you think they are just teething problems and will disappear , imo you are the one who is somewhat bias



    from the accounts, putting in your idea that march was a cracker

    Although the Company has seen an increase in production rates and a decrease in production costs, ("march QTr a Cracker") the Company will be exposed to a high level of cash outflows over the next 12 months due to continued pre‐strip activities, expansion of activities including a DMS fines circuit, sustaining capital, exploration activities and stamp duty associated with the Tawana Resources NL merger. ……… The Directors recognise the need to raise additional funds via equity raisings, new offtake prepayments, or financing facilities to fund ongoing operating, capital and exploration expenditure. The Directors are satisfied they will be able to raise additional funds as required

    AS for relatively low debt, what does that mean, relative to what?, its 53M so far and the directors recognise the need to raise additional funds, this despite seeing increase in production rates and decrease in costs.....

    As for debt, that's fine, but note its still growing as of a couple of week ago, and despite the "cracker QTR" bank balance as of the last week was lower than 31st Dec.....
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.