Key points from the call this am:
About $80m reduction in capex, including deferment in Curragh expansion. Will have to make a call on 2021 capex for expansion by end of this year
Said liquidity wasn't a concern, $100m in undrawn syndicated facility. Couldn't figure out if they have sought adjustments to debt covenants but will "implement measures" to have net debt to EBITDA at 2.5x and interest cover ratio at 3x. Bottomline, haven't sought more money from banks.
US mines still cash positive- lots of fixed price contracts at better prices than current market. See China as a new growth market for Buchanan.
Key points from the call this am:About $80m reduction in capex,...
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Last
$1.12 |
Change
0.040(3.72%) |
Mkt cap ! $1.869B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.09 | $5.005M | 4.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 49778 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.12 | 162248 | 5 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.11 |
Change
0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.11 | $1.09 | 612536 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
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