MKR

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4.9¢ manuka resources ltd.

Ann: Initial Depth Extension Drilling at Mt Boppy pit, page-63

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Greenhaven

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29/08/20

14:59

Post #: 46919885
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Originally posted by edshann ↑

I doubt they will be paying tax as they have $18 million in accumulated losses.

As they just raised $7 million they also have $8.5 million in cash according to the quarterly and operations generated cash in June quarter and presumably in the current quarter. Repayments of debt are spread out with $US 2.5 million on 5 October, $US5 million 3 Feb 2021 and $US6.5 million on 5 April. Directors have said they can repay debt when falls due.

They may need funds to accelerate exploration or if they decide to build a plant at Mt Boppy, but as long as production goes as planned they should have enough cash to repay debt I would have thought. Rising $A also helps as debt is in $US.

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Correct.

Debt is $14M USD so currently $19M AUD due to the current exchange rate, not $22M.

MKR Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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Last 4.9¢		Change -0.006(10.9%)		Mkt cap ! $38.20M

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Ann: Initial Depth Extension Drilling at Mt Boppy pit, page-63

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