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$40 cents club, page-118

  1. psyber
    404 Posts.
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    29/05/23
    15:15
    Post #: 68017356
    Loki,

    I don't see any reason for a CR. Some back of envelope calcs below

    Closing cash $23.4m
    Sales revenue $135m (see my post on 9/5)
    less production cost (81.5m)
    less corporate overheads (4m)
    less finance cost (3.5m)
    less royalties (5.4m)
    add tranche 2 raising 32m
    less loan repayment (22m)
    less lease repayment (8m)

    cash at end of June qtr $71.4m

    Even if they spend $20m on exploration, there is a lot of cash sitting in the kitty.
    RED Price at posting: 14.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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