End of Sept 2023 Quarter:
US$54.9m in cash
End of Dec 2023 Quarter:
US$45.4m in cash
So, US$9.5m reduction in cash QoQ.
Mercuria facility debt unchanged at US$44.1m (not fully covered by inventory, though - with inventory value dropping to US$40.7m).
Keep in mind that a coupon payment on the bond will need to be made soon. That payment combined with the average quarterly cash drawdown will put them close to breaching their debt covenant re: minimum group liquidity levels. Only a matter of when (not if). Do the numbers, ignore the noise.
No asset level deals have materialised, as promised throughout 2023.
High gearing & constrained liquidity contains to impact shareholder value. Drawn senior debt = US$144.1m (ouch).
Bryce: “inevitable recovery” (still delusional).
End of Sept 2023 Quarter: US$54.9m in cash End of Dec 2023...
Add JRV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $35.13M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $15.52K | 1.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2130139 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2010020 | 14 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| JRV (ASX) Chart |