EMR 1.98% $3.96 emerald resources nl

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 11,790 Posts.
    lightbulb Created with Sketch. 6318
    Plant continues to hum. Wonder if they can replicate June more often, as that would really mean things are humming.
    Decent cash build considering they paid off a further $4.9m USD ($6.7m AUD), meaning free cashflow of $14.3m.
    Getting very close to being net cash, with debt sitting at approx $73m AUD. Just $15m AUD to go, which could well garnered this quarter.

    Exploration locally seems to be seeing some success, after I think most would agree, fairly average results to date. Main pit looks like it will surely see a further expansion?

    EMR seem to have a very large amount of patience in regards to the debt facility they have available to them.... perhaps they will never use it.
 
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