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

1MC

Click for more information

16.7%

0.3¢ morella corporation limited

You need to do some research on the repayment terms in regard to...

First 209 Last

Share
Profile

Follow
sparrky55

157 Posts.

16

10/02/19

12:58

Post #: 37389741
Share

Originally posted by wombat777 ↑

Point I was making was that taking out operating costs per tonne stated in the DFS ( plus adjustment of +20% I added ), there should be a substantial amount of cash coming in this year.

Figures I provided were earnings before interest, tax, deductions, amortisation. Not profit. There should be no tax yet because of accumulated losses.

$23.4M ( production earnings ) + $28M ( placement and SPP ) + $9M cash in bank = $60.4M.

Should be enough to cover outgoings.

I’m thinking could leave them with $10M+ leftover this quarter.

After that they need to cover about $6M per quarter in interest.

Assuming they sort out the remaining significant issues this quarter they should theoretically generate $30M to $35M per quarter from Q2 ( after production costs ). Adequate to cover interest and start making significant reductions to debt balance.

Pay off some debt in Q2, Q3, Q4 CY2019 and I think they will be in a good position to source more competitive and alternative finance before the current funding package matures.

Expand

You need to do some research on the repayment terms in regard to early pay down of existing loan, I believe it is increments of 25 or 30% lump sums.

AJM Price at posting: 13.0¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

There are more pages in this discussion • 83 more messages in this thread...

First 209 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(16.7%)		Mkt cap ! $15.44M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$4.09K	1.603M

Buyers (Bids)

No.	Vol.	Price($)
126	184849270	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	45566274	87

View Market Depth

No.	Vol.	Price($)
126	184849270	0.002
37	117723809	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	45590274	87
0.004	15029235	53
0.005	4667336	13
0.006	5453915	12
0.007	14431656	12

Last trade - 13.39pm 27/06/2024 (20 minute delay)

1MC (ASX) Chart