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...
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Last
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Mkt cap ! $40.53M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $353.6K | 22.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6930430 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.7¢ | 3385185 | 10 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.6¢ |
Change
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.5¢ | 10049532 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| JRV (ASX) Chart |