Except the fact that they don’t have the additional $40M working capital facility to draw down. Increases the chances of another highly dilutive cap raise. That sounds forward looking to me.
NCZ only get paid once shipped so only need one decent operational issue to blow the bank. Cyclone/wet season starts end next month and runs to end of Q1 next year. We know that production was affected last year so decent chance it happens this year as well - so there go the fall in cash costs etc etc.
- Forums
- ASX - By Stock
- NCZ
- Ann: Annual Financial Statements
Ann: Annual Financial Statements, page-23
-
- 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 NCZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online