PAGE 10 of the Annual Report shows Net debt / (cash) ($m) was (63.3) FY18 and is 82.8 FY19. So MLD went from 63.3m cash to 82.8m debt? A difference of $146.1m ! I can't see where the money went (and I did try to find it), does anyone who follows MLD closely know what is going on?
From the presentation:
Capital Investment: $165 million in capital outlay – $120m Mining and $45m Crushing setting up the business for the future
MLD Price at posting:
95.0¢ Sentiment: Buy Disclosure: Held
Len
