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16.0¢ austral resources australia ltd

Ann: Future Facing Commodities Conference Presentation, page-57

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frader

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14/04/23

07:58

Post #: 67268283
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Originally posted by The Mechanic: ↑

Yes, they have debt which includes senior Wingate debt which was recently reduced to $21.1 million, Secovr debt $12.8 million and Glencore prepayment $23.8 million.There is also debt to Thiess, the mining contractor, total payables at 60 days to A$8.9 million.
They have now about $6 million in cash.
At current production of 1000 tonnes /month they are making about $3-4 million a month of clear cash flow at current copper prices, which IMO is more than enough to service their debt. They are now looking at increasing production by about 70% which will also increase the profits.
Yes, they are covering costs now and a recently made some debt repayments, see announcement 31/03/23.
Detailed financials shall be available in the upcoming Quarterly report.

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I believe that $3-$4mil per month is after debt interest payments as well.

Every month that passes, Austral becomes stronger and stronger. Any increase in production above 1000 T per month is material and should really get the share price moving.

AR1 Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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