They have $40m of cash.. $40.... they only need to start paying the Citi debt at $2m per quarter starting next quarter. Nifty C&M all but done. Renison half hedges at A$25k/t and current spot is A$25k/t .. should still make cash at those prices.
So $40m easily gets them through the year and into Area5.. once in Area5 I’d be expecting 1,250kt Sn per quarter MLX share at circa A$14k/t cost.. that’s $14m in cash generation per quarter based on current prices
And then there’s the nifty sale...
Ann: Appendix 4D and Half Yearly Report and Accounts, page-6
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41.0¢ |
Change
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Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 373697 | 12 |
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