MOY 0.00% 5.1¢ millennium minerals limited

2014 and beyond , page-35

  1. 34,135 Posts.
    lightbulb Created with Sketch. 1880
    "So, they need $3.3m to repay $3.3m by end of March-"

    or maybe they get it refinanced , I am guessing that would be the way to go , it does not seem that much money providing they can get a profit margin of plus $200 an oz which I feel is possible given the current POG , the exchange rate in their favor and hopefully a little better planning going forward by managment.
    Really though they need a lot better planning going forward by managment ie make sure they have licences up to date for haulage, they have consumables on hand for inclament weather (hire a tanker and have it parked at the mine prior to cyclones) maintenance is kept up to date , ore is blended correctly , dilution is kept within mine plan KPIs.
    Head count is lowered through reduced duplication and utilize the largest prime movers that are practical.
 
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