Revenues in 2018 should be copper (about $200m), gold ($6m) and silver (0.8m) for a total of $206.8m. Costs on the basis of 22,000 tonnes should be about $110m (at an exchange rate of 0.76) at the mid-point forecast. A simple reduction ratio of the costs in the expert's report (which used production of 27,605 tonnes copper) suggests costs of $115m. So available cash flow would be $91.8-$96.8m before capex and exploration of $5m. The comment on payables was "this balance is expected to be more than halved in the upcoming year." At year end total liabilities were $82.4m and not all of this is required to be repaid this year. Management forecasts are conservative and I am pretty sure there will be a substantial cash balance by year-end.
- Forums
- ASX - By Stock
- Ann: Activity Report for Quarter Ended 31 March 2018
Revenues in 2018 should be copper (about $200m), gold ($6m) and...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $117.3M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.6¢ | $7.878K | 140.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1047 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 230839 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1047 | 0.056 |
2 | 442982 | 0.055 |
11 | 882167 | 0.054 |
15 | 1300369 | 0.053 |
7 | 957690 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 204206 | 5 |
0.058 | 674717 | 3 |
0.059 | 1184025 | 3 |
0.060 | 5084301 | 8 |
0.061 | 85067 | 2 |
Last trade - 10.04am 26/08/2024 (20 minute delay) ? |
Featured News
HGO (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online