Australia's largest stock trading and investment forum Australia's #1 stock forum

G1A

Click for more information

0.00%

5.9¢ galena mining limited

Ann: Abra Production and Operations Update, page-5

First 5 Last

Share
Profile

Follow
rendog9

1,450 Posts.

319

08/11/23

15:22

Post #: 70788277
Share

Originally posted by sell30APRat142: ↑

Hmmm...

So let's take them at face value here and assume that the first debt repayment is only $7M. That leaves $24M for them to find between Jan and Jun to clear the total of ~31M due by June 30.

Also (by my read) they are saying that they are going to make 8-18M for this quarter in net total cashflow after all outgoings, despite losing 1M for the prior quarter at a similar production rate...(those poor, poor creditors).

Also, how (with less then 2 months to go) is the range that wide?? It implies they have either run down inventories or hit an unusually high grade section that they are not confident of sustaining to have a a greater than 125% difference between the top of the range and the bottom.

This smacks of a positive news announcement prior to a raise under the guise of "modest" capital expenditure designed to shift throughout from 1.3M to 1.5M. In reality it will likely be used to support cashflow which (probably) won't materialise in the next 2 months. I'm scaling back the size of the raise though. Reckon they will try to sneak a little 5M one in this year and then similar to slightly larger again on or around June '24.

Expand

Will take some good news but the cynic in me just said.. "capital raise now locked in"

G1A Price at posting: 7.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AAM

AuMega drilling program extends gold mineralisation at Canadian play

REA

UK-based Rightmove knocks back REA Group's acquisition proposal

SWP

Swoop picks up 16.9% stake in Vonex after buyout rejected to challenge MaxoTel's $34M offer

CYL

Catalyst ups 3Y gold production guidance by 100,000oz on back of 1Moz resource

XRG

XReality Group wins US defence contract to supply training tech for $5.6M

There are more pages in this discussion • 30 more messages in this thread...

First 5 Last

Add G1A (ASX) to my watchlist