As at 30/06/20 AUZ's cash flow position was:
Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (938)
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(281)
8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,219)
8.4 Cash and cash equivalents at quarter end (item 4.6) 3,242
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 3,242
I don't know what the hype is so high. $3.2m as at 30/06/20 is "peanuts" compared to the costs AUZ will have to go through to meet various costs with an Off-take and costs which will immedietely follow moving forward - until financing has been arranged and funds start flowing in (this can take months though). To start production most financing costs/fees will need to be met by AUZ's own cash resources and, raising a quick $5.2m is a smart move.
AUZ is about to leap into a mega project and cannot dare to walk on to the podium with next to no $'s in its pocket.
I think good things are just around the corner......be +ve
- Forums
- ASX - By Stock
- AUZ
- Ann: Institutional Placement Raises $5.2 Million
Ann: Institutional Placement Raises $5.2 Million, page-186
-
- There are more pages in this discussion • 266 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUZ (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $1.563K | 222.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 9836849 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2799869 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 9836849 | 0.007 |
26 | 42035112 | 0.006 |
16 | 28977865 | 0.005 |
9 | 5754750 | 0.004 |
5 | 3260000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2749869 | 19 |
0.009 | 4508568 | 14 |
0.010 | 3415582 | 21 |
0.011 | 1631002 | 9 |
0.012 | 3343622 | 5 |
Last trade - 15.57pm 12/09/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |