Share
4,652 Posts.
lightbulb Created with Sketch. 214
clock Created with Sketch.
06/06/19
17:48
Share
Originally posted by Mkr
↑
Can you shed light as to why you think it is going under?
As i see it, The Hy report shows just under $48M of debt is due by end of this year (CY 2019).
A further $27M year after (CY 2020). Total debt due in the next 18 months is $75M
Current assets excluding inventories are worth about $70M
Add in FCF over the next 18 months (estimated margin $300/oz for 150k oz is about $45M?), I see limited scope of the ship going under.
DYOR IMO
Expand
Actually, they have a further $43M owed to staff and suppliers (current liabilities)
Debt will have to be restructured
Debt for equity swap? Like Slater Gordon?
Last edited by
Mkr :
06/06/19