cash at the end of quarter is 7.07 m and the expected cash outflow for next quater is 2.5m, and with cost of capex of Itambe project of US$15m, (listen to the latest BRR) and Passabem and Cenibra also need US$15m each (Hartley research report) , AAG will go to the market to raise capital. we can expect huge dilutions. Some old centaurus share holders may take opportunity to log in profits (25% to 30% premium due to take over/merger with GGY) ahead of the capital raisings.
cash at the end of quarter is 7.07 m and the expected cash...
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