@The Mechanic I believe is correct in his figures of 8,250 oz into the hedge for this current qtr. They did a rescheduling of 3500 oz from the hedge for the March24 qtr, as per Dec report. On my forecast of 15K oz for March qtr thats 6750 of oz sold at spot, so 45% of prodn sold at spot for the qtr.
Extra Sales/Profit/Cash = 3,500oz x $700 (3100spot-2400hedge) = 2.45M
Not life changing, but as you say it might help them get through to June when they start hitting their straps.
I too have some Q's around how the cashflow is going to be spread around over the next 4 months given the amount of projects/deposits that need attention/money. Operational cashflows are currently positive but company cashflows are not. This cannot continue. I posted some similar Qs on the other thread. This means one of 3 options must happen in the next 3-4 months:
1. The company as a whole turns cahsflow positive
2. Refinance debt (and reduce principal component per month/qtr)
3. CR
@The Mechanic I believe is correct in his figures of 8,250 oz...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $91.36M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $114.2K | 911.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1180827 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 83790 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
-0.005 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.0¢ | 451652 | ||
| Last updated 15.21pm 06/05/2024 ? | |||||
| CAI (ASX) Chart |