Its not $200m Free cash though.
Rough numbers:
$201m End Sept
-$50m Trade Payables (Estimate - June was $30m)
-$40m likely net expenditure over income Dec Qtr - Pretty clear alarm belles rang in December.
Semi C&M Jan - June 24?
$0. Net if lucky
Full C&M July - Dec 24
-$50m ?? Need to pay out contracts maintain the pit and the big fat cat wages.
Maybe $40-50m End Dec 2024.
Still in the game.
But quite possibly further to fall. Enterprise value of $200 - $250m on the cards.
IMO
All rough numbers above BTW.
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Last
8.5¢ |
Change
-0.003(3.41%) |
Mkt cap ! $188.5M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.7¢ | 8.5¢ | $164.2K | 1.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 761212 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 50345 | 2 |
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| Last trade - 10.05am 23/06/2025 (20 minute delay) ? |
| CXO (ASX) Chart |