CTL 0.00% 0.9¢ centennial mining limited

These shares will hit 3c when they significantly reduce...

  1. 1,177 Posts.
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    These shares will hit 3c when they significantly reduce liabilities. In particular the "Trade and other Payables" went from $3mil (30/6/17) to $6 mil (31/12/17). Total liabilities are close to $9 mil but there's not far off $3m in assets including cash, trade and receivables, and inventories (as at half yearly). The point being, contain spending within satisfactory limits now things are ticking along and much of the necessary spending on upgrades and new equipment have been made. Get into a better 'cash position' showing viability and profitability of the whole operation so as to get rid of the auditors comment showing concern for the on-going ability to meet commitments. Bingo 3c. The magenta zone of A1 will do it. Nothing to stop reasonable exploration in the interim to extend life of the mines and expand resource.
 
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