Just looking at cash balances... At 30 June $14m, repaid $30.5m Citi debt, replaced with $25m APAC debt ($26m less loan establishment fee) leaves roughly $8m in the bank. Nifty we know is down to $1m burn a month on C&M.
That leaves Renison with a bit of work to do in order to keep the coffers full. At >$25,000/t for tin at the moment they should be churning good cash even whilst recycling some cash into capital projects. Also note the inventory at the end of last quarter - sales 570t below production. On the assumption this is caught up this quarter that’s potentially 570t x A$25,000t x 50% is roughly $7m gross proceeds. Provides some comfort that we see out this period until a potential sale resolution and rerate of the share price before any potential capital raising.
Nifty Sale, page-20
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |