AAU 33.3% 0.4¢ antilles gold limited

Ann: Change of Director's Interest Notice, page-14

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  1. 5,948 Posts.
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    @Sellier

    Current Borrowings 1 6 13,366,440
    Non-Current Borrowings19 14,196,895

    Cash and Cash equivalents are about $5m. (Forget inventory its fire sale) Plus $2m in Other Financial Instruments so about $20m net debt, so your numbers are low by about $5m

    Rather than a spare $23m its $18m. PGI will need to spend on front-end costs to go anywhere - China or Iberian Peninsular. Have to be at least $5m all up. So down to $13 m.

    A distribution of $13m amongst 127m shares is about 10c/share. I can not see PGI handing money back with all those frequent flyers, holiday homes in tropical places and the effort of finding gainful employment elsewhere is at stake.

    Back to 2014 when it was obvious only the POG could save the place.
    .
 
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