re: Ann: Boardroom Radio Broadcast - Ballarat...
I'm looking to understand the cash outflows during the current quarter of April-May-June which were projected to be $11.7 million by looking at the Jan-Feb-Mar cash flow report ($5.8 million was listed as being allocated for mine development).
The net result after the cap raising seems to be that CGT will have about $30 million to $35 million in the bank at the end of the current quarter and a decline half built (do your own calcs as I might be wrong).
Don't know what they want to do with all that surplus cash but seems peculiar that the total market cap of the company is only about $55 million.
CGT Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
