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0.9¢ centennial mining limited

Aiken's point about Victory North is valid. Also the ore coming...

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golddigit

786 Posts.

6

16/04/18

18:26

Post #: 32489356
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Originally posted by Idle Wanderer ↑

Net cash of $1M per quarter isn't going to pay back the $2.5 M of Convertible Notes due on 30th June, Ian. Are you betting that the note holders will be willing to negotiate an extension or rollover?
CTL have already notified that the grades coming out of Maldon are lower than those that were coming out of A1. And nothing coming out of A1 at all now, just development costs, until after the end of this financial year.
Can't see 4 cents anytime soon. Can't even see 1.4.
It's unfortunate that such a relatively small amount of debt can't be repaid on time but that seems to be the probable outcome. Cap Raising maybe?

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Aiken's point about Victory North is valid. Also the ore coming from Maldon does not incur the transport costs of that coming from A1. Your conclusions are a big jump. I would suggest we all wait for the quarterly for more details. Panic selling happening at the moment.

CTL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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