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Ann: Quarterly Activities & Cashflow Report - Sep, page-6

  1. Legume
    5,583 Posts.
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    01/11/13
    15:41
    Post #: 12519279
    re: Ann: Quarterly Activities & Cashflow Repo... Borax Argentina is cash flow positive ($1.4m last quarter)... and the projected spend mostly relates to production of the borates... so all sweet in my opinion...

    picking up a business that generates at a EBITDA (-admin) rate of $5m pa for $7 million was a touch of boron :D and Richie & gang think they can squeeze better margins from the business.



    ORE Price at posting: $2.27 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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