dear Trader088
i may be reading this incorrectly but I think the company has laid out pretty clearly the non operating drains on cashflow last quarter that exceeded $20 million
we had growth capex on
- UG development at Riverina ~$13 million
- open cut equipment demobilisation $3.6 million
- plant infrastructure $3.5 mill
- exploration drilling $3.5 million
- debt repayments etc
so my point is that they did make money out of operations, but clearly there was less cash in bank at end of quarter because of those other factors
If OBM is producing on average 9000 ounces a month going forward, they should be banking ~$10 million positive cashflow a month from operations … I would reckon
dear Trader088i may be reading this incorrectly but I think the...
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Last
55.5¢ |
Change
0.015(2.78%) |
Mkt cap ! $1.033B | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 56.0¢ | 53.5¢ | $2.207M | 4.028M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36000 | 55.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 152084 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |