It is a bit confronting on first glance, but from my perspective the company can comfortably pay off the debts + MNF instalments. VN8 still has $11mill of tax losses too.
Cashflow in is averaging about $600k per month now, cash at bank of $5.4mill.
Payments are $500k per quarter for the Longreach debt. $3.7mill to pay down on MNF in 4 months.
Cash balance end of June Qtr = 5.4mill + 2mill - 0.5mill Longreach - 2.7mill for MNF = $4.2mill with final payment the company will have around $3.5mill cash on hand.
FY23 will be $6-7mill FCF positive EBTIDA $8-10mill and additional debt repayments would be ideal to smash out the high interest Longreach debt. Cost synergies and additional cross selling opportunities would be realized too.
It is a bit confronting on first glance, but from my perspective...
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.71M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6526609 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 1121742 | 8 |
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| Last trade - 10.02am 31/07/2025 (20 minute delay) ? |
| VN8 (ASX) Chart |
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