Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

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Gordobre

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01/02/22

09:02

Post #: 59263022
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Originally posted by terryturbo: ↑

I believe you need to read the corporate section on both this and last quarterlys, looks like they deducted the proceeds from the opex.

As at 30 September 2021, the Company had $9,029,000 cash on hand, following payments of:
• $702,000 on exploration activities (refer to Item 1.2(a) of Appendix 5B), relating to field
activities costs, tenement fees and rates, and geological staff costs at Mt Lindsay and Kulin
(ASX Listing Rule 5.3.1); and
• $2,009,000 on development activities (refer to Item 1.2(b) of Appendix 5B), relating
operational costs for the Riley Iron Ore Mine of $5.6m, being offset by the funds receipts
from first shipment of Iron Ore amounting to $3.6m. (ASX Listing Rule 5.3.2).

As at 31 December 2021, the Company had $9,193,000 cash on hand, following payments of:
• $763,000 on exploration activities (refer to Item 1.2(a) of Appendix 5B), relating to field
activities costs, tenement fees and rates, and geological staff costs at Mount Lindsay (ASX
Listing Rule 5.3.1); and
• $3,734,000 on development activities (refer to Item 1.2(b) of Appendix 5B), relating
operational costs for the Riley Iron Ore Mine of $4.8m, being offset by the (second) final
payment due under the offtake agreement of $1.1m from the completion of the first
shipment of Iron Ore (ASX Listing Rule 5.3.2).

Total Proceeds- AUD4.7m
Opex- AUD10.4m
Capex?

Expand

so we lost $5.7m on the first shipment. what more can I say about this board and AR. another CR coming soon

VMS Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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