LOL alex, way too conservative.
My maths shows U$14-$18M cash at bank with no debt by 31 December
and U$40M cash at bank by 30 June 2019
Remember they are saving $12M per half plus loan interest $3M in Jan-June 2019 as loan is $0
My maths shows net debt free by 30 June U$16.2M-17M cash/bullion
prior Q3 result was U$16.2M- U$9.6M cash/bullion
They were only U$6.6M away at 31 March from being net debt free.
April made them U$4.5M FCF alone on my maths posted prior.
May & June at lower AISC using stockpiles should be another U$10M FCF
And bullion stockpiles werent used as much as I think due to the drier start to the rainy season.
And I was way too conservative on my maths in Q2 Q3!
Either way at some point in June they will be net debt free if not already right now.
Market hasnt figured this out yet as they havent really commented or given any financial projections other than production guidance. The 2 months of mined stockpiles was a clue.
Q2 Q3 reports show this cash bullet is going to be bigger and faster than they planned.
Calling RAMBO, TRY is FLYing low,
TRY is the next SBM, many saying this now,
TRY will FLY.