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21.5¢ archer materials limited

Ann: Half Yearly Report and Accounts, page-16

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brownbox

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25/02/21

22:13

Post #: 51340730
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Originally posted by Tonza: ↑

Hey Brownbox, you'll find that information on estimated cash burn in the Quarterly reports.
At current cash burn from the last quarterly announcement they have 12 Quarters ( 3 years ) available ( not including converting shares from the sale of two Tenements )

Also ... from what I understand the company is confident in their path with Advanced Materials that they will completely move away from exploration in the years ahead - so more sales of tenements likely on the cards.

From the last Quarterly 29th of January 2020...
Appendix 5BMiningexploration entity or oil and gasexploration entity quarterly cash flow report ASX Listing Rules Appendix 5B(01/12/19)Page 4+ See chapter 19 of the ASXListing Rules for defined terms.
1Net cash from / (used in) operating activities (Item1.9)(452)
2Capitalised exploration& evaluation (Item 2.1(d))(87)
3Total relevant outgoings (Item8.1+ Item8.2)(539)
4Cash and cash equivalents at quarter end (Item4.6)6,9325Unused finance facilities available at quarter end (Item7.5)- N/A
6Total available funding (Item8.4+ Item8.5) = 6,9328.
7Estimated quarters of funding available (Item8.6dividedby Item8.3)12quarters

Cheers
Tonza

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Amazing thx Tonza

AXE Price at posting: 99.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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