Interest is due next quarter...
Item 9.6 - $15,391,000 AUD
What’s not accounted for is the $22,400,000 Shanshan capital raise. It’s not in this quarterly or else it should be under item 3.1 for this quarter.
So
$9,875,000 AUD cash left
Q3 projected production
Projected production costs is $25,311,000 AUD.
So off current cash costs, projecting production of 25311000/560 = 45198 tonnes for the quarter.
So 15,066 tonnes a month of production. Fits ball park figure.
They sold and shipped 38,635 tonnes this quarter selling for $600 USD dmt. Equals $857 AUD dmt.
Projected income is 38636 x 857 = $33,110,195 AUD for Q3.
So cash avail end of Q3
9,875,000 (cash) + 33,110,195 (income) + 22,400,000 (shan2 capital raise)
=$65,385,195 AUD
-projected outflows of $52,491,000 AUD.
= $12,894,195 AUD cash remaining end of Q3.
We can’t afford anymore unexpected CAPEX surprises or to keep raising cash every quarter to pay interest.. granted. I agree, this thing is balanced on a knife edge.
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