I am a total amateur at deciphering these reports and GSL's seems more complex than most so please take this with a grain of salt. But the numbers I'm picking out are:
Cash balance at half year end: 929k.
Since the end of half year period GSL drew 820k down on CBA finance facility - so balance adds up to 1,749k.
Net loss for the half year was 3,579k. Divide by 6 = 596.5k per month.
If Jan/Feb expenses were the same this would add up to 1,193k.
This leaves 556k left, or almost enough for March.
They suggested they would draw down 600k from Tasnee in March instead of April, and suggested more grants totalling 3m would be appearing in the period up to June.
So - running on the smell of an oily rag.
- Forums
- ASX - By Stock
- GSL
- New Moonie dropped?
New Moonie dropped?, page-9
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GSL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online