Debt deal subject to credit committee approval from Rand bank so not finalised yet....
No App5b yet?
Low production, so it was the selling off of cathode and concentrate on hand with the VAT refund that got them over the line this qtr. They won't have this next month plus they have an additional another 7mio for grid power costs providing they spend the 3mio they forecasted they were to spend on it in the Jan qtr.
Praying that the sxew production picks up significantly this qtr, and copper continues to trend and or stay at current levels.
Simply if they pump out 6500t @ $6000/t revenue is $39mio
On dec App5p matrix, costs could be $25mio + 7mio for power + transport = say $33-35mio
That leaves not much so expecting with the Gerard and Taurus debt servicing we could be cash negative btw $10-14mio.
$21mio in the bank to cover this, so its going to be close.
Again debt re-financing completion is paramount....
TGS Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
