RND 0.00% $1.51 rand mining limited

Ann: March 2019 Activity Report and Cashflow Report, page-4

  1. 78 Posts.
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    G’day fellow shareholders and gold fiends,
    I love this story!
    By my analysis of guidance RAND has at June 30:
    $50.7m cash
    Gold bullion at mint ~8700 ounces per qtr since June 2018. So gold bullion is 35000oz to June 2019 @ 2250 GP (no hedging) ~ $78.7m
    Silver bullion held at mint 24000 oz for same period @26p/oz ~$0.7m
    Thats $130m cash backing not including its share of stockpiles and tenement values!?
    Any comments or discussion would be greatly welcome!?
 
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