Not too bad of a quarter. Cashflow positive and debt reduced.
Cash & bullion on hand as at 31 December 2013 totalled A$17 million with bank debt reduced from A$20 million to A$8 million (refer to figure 1 for quarterly cash & bullion movement). Remaining bank debt will be fully repaid by 28 February 2014. No hedging was in place at the end of the quarter. Operating cashflow for the quarter was A$14 million
SLR Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held