Ann: Change of Director's Interest Notice, page-13

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hightrax

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18/03/24

19:41

Post #: 72948298
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Originally posted by hightrax: ↑

Lets look at the revised payment schedule for the Senior debt (Taurus Mining Finance Fund) A$79m and deferred State royalties for Y/E 30.6.23 of A$21.5m.

The deferred FY 23 State Royalty is payable in equal instalments starting in November 23. So if monthly each one would be $A 1.8 m. From Sept 30 Report.
Taurus capital is re-scheduled into 6 instalments. Mar Q and Jun Q are $0. In Sept Q US $6m, and for the Sept Q 24 to Dec Q 25, $US 9m / Quarter.

This means for the Mar rand Jun quarters only A$5.4 million is scheduled, per quarter. This allows ramp up of EF. Now I want to estimate the latest royalty hit but it needs the numbers on sold coal by type and prices received. Cannot see that much, if any would be due on the lower grade energy coal, (?) This quarter is particularly difficult to estimate, but debt payments are very unlikely to sink the ship just now with this schedule.

Looking more into the numbers. What I do know is that there have been no major rain events so far this Q and the wet season is over soon. There should be a substantial addition to cash holding going on now.

As the long wisdom goes, if directors are buying it is very good buy signal.

So, I have again caught a falling knife because if it was cheap at my previous buy prices, it is even cheaper now.

The index funds suddenly bailing as BCB leaves the index has scared the chooks, to sell the stock down to under 5c and might be a very foxy buying opportunity. Anyway, I'm IN.

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Uh oh! Had not checked the latest co communication. They are not only up for $5.4 m from 23 bill for royalties but two more lumps from Sept and Dec Q totalling A$20.3 mill so total about $26 mill. Just a small error...my brain needs a spell in the naughty corner. This will put quite a dent in March Q cash flow, but two delayed shipments of EF coal will be included. Nail biting time.

BCB Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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