AME alto metals limited
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This is hard to believe. Cash at 31 Dec - $4.4m Creditors 31 Dec...

  1. Trader088
    886 Posts.
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    24/04/23
    22:27
    Post #: 67437826
    This is hard to believe.
    Cash at 31 Dec - $4.4m
    Creditors 31 Dec - $2.5m
    Available cash - $1.9m
    So if they just paid their existing creditors and didnt spent another cent they would have $1.9m at 31/3 and they have $2m.
    Then all the work to complete MRE but overheads. Be shocked if there is less than $2m in creditors.
    They need cash and soon - Def this qtr. Prob after Sydney resources round up 9-11 May.

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    AME Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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