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Ann: SECURES SALES AGREEMENT FOR 100,000 TONNES HMC, page-5

  1. 884 Posts.
    lightbulb Created with Sketch. 49
    I think i got the figure right, this sales of 100,000 tonnes if fulfilled will generate about 49M based on the table below in announcement in Mar 20

    https://hotcopper.com.au/data/attachments/2278/2278657-e2169bc288bcd430ddc8dc658c5e91ca.jpg
    Then the debt and cash in bank

    https://hotcopper.com.au/data/attachments/2278/2278674-d8e38f4fbf82edd7201665e93c526a46.jpg
    Effectively, after this sales we should be able to fully repay the loan of $53M and have a positive bank balance of about $40M.

    HOW GOOD IS THAT, Debt FREE and with a good bank balance?
 
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