Nothing particularly surprising here. Good revenue and free cash flow. Decent debt repayment. Hard to believe our revenue will be ~$75m for the calendar year but our market cap remains around $100m.
What does the near future hold? Debt refinancing, new GSAs, results from Range drilling and continuing to look around for possible opportunities. Yay! I guess talk of “most likely” tripling of reserves has gone away for the time being, replaced with more “portfolio reviews”.
No updates to Dukas drilling from last week’s announcement, thank goodness we aren’t interested in this “company changing” event. Wonder how much longer it will be with “only 2 weeks to go”. Thankfully we’ve only heard that for the past 7+ weeks.
But at least we are on the cusp of amazing things with the line…
“As this quarterly cash flow indicates, we have just embarked on an incredibly exciting phase of growth for investors.”
Am wondering if it will follow similar such statements in the past…
“In summary, we have been on a journey spanning several years with a focus to create real value for Central’s shareholders. We have made enormous strides in delivering this vision and now stand poised tostart reaping the benefit of this effort.” MD, 28Sep2018 (Annual Report)… Share Price 13 cents
“Finally, my thank you is to you, our shareholders for your ongoing support and encouragement. Your board appreciates that it has been a difficult year for the Central share price, however, we believe our strategy remains true and tenacity will be rewarded.” MD, 21 Sep 2016 (Annual Report) … Share Price 10 cents
Imagine the market will once again shrug tomorrow as the SP goes up or down half a cent. I sure hope I’m wrong, but based on our history it’s hard to think otherwise…
Nothing particularly surprising here. Good revenue and free...
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