Hi mraligator
- Cash balance at 30 June 2020 was $86m.
- The net cash outflow for FY20 was $19m even after running down concentrate stocks during the year by $22m.
- It appears PLS has missed sales guidance on the first quarter of FY21, so it doesn't look like customer demand is picking up just yet.
- PLS has about $20m in working capital available to be drawdown from a loan facility.
- The company needs to fork out another $40m - $50m to fund the first increment of Stage 2.
Considering all of this, if the Company intends to move forward with Stage 2 (and the JV) then a CR to fund the expansion is just around the corner. However if those plans remain on hold, then the company can last at years another 12 months at current concentrate prices without raising capital.
All IMO.
Ramp up of next PLS shipment..., page-462
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