Australia's largest stock trading and investment forum Australia's #1 stock forum

G1A

Click for more information

0.00%

5.9¢ galena mining limited

Good post 5hareholder.

First 36 Last

Share
Profile

Follow
RoyE

1,803 Posts.

982

01/11/23

20:41

Post #: 70676271
Share

Originally posted by 5hareholder: ↑

This is the fundamental issue and why the stock is getting dumped. Ignore the cashflows which is being manipulated on the AP and AR. Pay attention to the revenue and expenses.

$45M AUD revenue received.
$41M AUD operating costs.
Add on corporate costs and sustaining capital, and there is no margin and almost impossible to restructure because its not the debt payments which are the issue but the cash margins out of the project.

Agree with the post saying that this is more or less a zero, when consdering the net debt AUD$150M that looks pretty much unserviceable, with only AUD $14M cash on hand, notwithstanding the muddying between the AP and AR meaning net working capital will be lower.

Payable lead sold higher than lead produced too.

Emergency raising or triggering of debt covenants incoming.

Expand

Good post 5hareholder.

G1A Price at posting: 6.0¢ Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

First 36 Last

Add G1A (ASX) to my watchlist

SPONSORED BY