Good effort GT but slightly off the mark.
In actual fact to repay the debt they don’t need to make a profit of $32 million in that period.
They just need to have to have a cash flow surplus of at least $22 million over the next 5 quarters based on their current bank account at $10 million after the recent funding drawdown.
Thats a cash surplus of $4.4 million per quarter. I’m sure IMC will be flexible on amortisation if production gets back on track.
- Forums
- ASX - By Stock
- MOY
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-12
-
- There are more pages in this discussion • 93 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 MOY (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