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4.94% 7.7¢ gwr group limited

Ann: Iron Ore Mining Rights Agreement Moves Ahead, page-2

  1. davo1
    2,836 Posts.
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    25/08/22
    09:37
    Post #: 63310414
    The last quarterly stated we had a cash balance of approx $10.6m. In this latest announcement it states that after tranche two is received we will have a cash balance of $14m. We have received two lots of $5m which make up tranche one so $10m and tranche two is $10m so that’s $20m. Add that to our previous cash balance of $10m and that’s $30m or there abouts. Am I missing something here?
    GWR Price at posting: 8.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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