Ann: Quarterly Activities Report, page-31

First 31 Last

Share
Profile

Follow
golddigit

786 Posts.

6

03/08/17

11:35

Post #: 26262876
Share

Originally posted by Idle Wanderer ↑

At the end of the March 2017 quarter, CTL had $721,000 in the bank plus $618,000 gold at the mint. Total - $1,339,000
At the end of the June 2017 quarter CTL had $528,000 in the bank plus $744,000 gold at the mint. Total - 1,272,000
So for the June 2017 the cash plus gold on hand position went backwards by $67,000. No debt repaid.
Not an excellent result.
It isn't correct to count paying your creditors as 'free cash flow'. Paying creditors is what you have to do in the course of business to stay in business.
Guidance for gold production in the September 2017 quarter is "4000 to 4200 oz". A fall of approx 15 - 20% in production compared to the June quarter.
Who is doing the manipulating. Goldman Sachs? JP Morgan? You think they'd be bothering about a company too small to even be in the All Ords Index? Pfffft.

Expand

Originally posted by Idle Wanderer ↑

At the end of the March 2017 quarter, CTL had $721,000 in the bank plus $618,000 gold at the mint. Total - $1,339,000
At the end of the June 2017 quarter CTL had $528,000 in the bank plus $744,000 gold at the mint. Total - 1,272,000
So for the June 2017 the cash plus gold on hand position went backwards by $67,000. No debt repaid.
Not an excellent result.
It isn't correct to count paying your creditors as 'free cash flow'. Paying creditors is what you have to do in the course of business to stay in business.
Guidance for gold production in the September 2017 quarter is "4000 to 4200 oz". A fall of approx 15 - 20% in production compared to the June quarter.
Who is doing the manipulating. Goldman Sachs? JP Morgan? You think they'd be bothering about a company too small to even be in the All Ords Index? Pfffft.

Expand

I agree with you re manipulation. Sp is a result of sentiment at present.
For the last two quarters they have over delivered on their estimate for production. They are conservative with their estimates. I believe they will over deliver this quarter as well particularly with Maildon coming on line.

CTL Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels