Be happy if there's A$40mil unrestricted cash in the bank at 31Mar25 plus A$32mil in bullion(debtors & dore) - I'll certainly be happy with those figures. They do update the debtors side of bullion to actual receipts before the quarterly is released. It's also a bit of a furphy IMO about PMR having a slow refining process - Akara gets paid four weeks after the dore comes out in the gold room on a Thursday, firstly it is a two week process in total for DPIM to calculate the royalty, Akara to pay the royalty, DPIM giving permission for release of the dore and for it to be delivered to PMR for refining which is done in a couple of days, it then gets sold and when the buyer pays for the refined gold to PMR then they pass the funds over to Akara. WA gold producers are spoilt with the arrangement they have with the Perth Mint(a WA govt owned facility) and you shouldn't compare it to what happens in Thailand.
KCN Price at posting:
$1.58 Sentiment: Hold Disclosure: Held
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