If you don't think OZL has $510m cash just have a look at these figures ABN AMRO estimates OZL has blown $766m
according to OZLs cashflow statement of August 21 we had $1,276.8
$1,276.8m - 766 = $510m
1. cash at end of year here (p30) http://www.ozminerals.com/Media/docs/ASX_08.08.21_Half_Year_Presentation-cd2b129c-44b1-46a1-8bd5-45fc9b6973a9-0.pdf
ABN Amros figures
Match each figure with the figures on the OZ Minerals cashflow statement.
"Table 3 : Changes to forecast net debt/cash Description A$ Net cash 1H08 317 Capex – Prominent Hill -375 Capex – Golden Grove -65 Capex – Sepon Copper -88 Capex – Century -155 Capex – Other -88 EBITDA from operations* 267 Capitalised exploration -31 Net interest expense -16 Debt drawn down 0 Other cash outflow -86 FX adjustment on US$ debt (unrealised) -445 Net debt 2H08 -766"
OZL Price at posting:
$5.50 Sentiment: None Disclosure: Held