Ann: Quarterly Activities Report, page-31

First 31 Last

Share
Profile

Follow
golddigit

786 Posts.

6

03/08/17

11:35

Post #: 26262876
Share

Originally posted by Idle Wanderer ↑

At the end of the March 2017 quarter, CTL had $721,000 in the bank plus $618,000 gold at the mint. Total - $1,339,000
At the end of the June 2017 quarter CTL had $528,000 in the bank plus $744,000 gold at the mint. Total - 1,272,000
So for the June 2017 the cash plus gold on hand position went backwards by $67,000. No debt repaid.
Not an excellent result.
It isn't correct to count paying your creditors as 'free cash flow'. Paying creditors is what you have to do in the course of business to stay in business.
Guidance for gold production in the September 2017 quarter is "4000 to 4200 oz". A fall of approx 15 - 20% in production compared to the June quarter.
Who is doing the manipulating. Goldman Sachs? JP Morgan? You think they'd be bothering about a company too small to even be in the All Ords Index? Pfffft.

Expand

Originally posted by Idle Wanderer ↑

At the end of the March 2017 quarter, CTL had $721,000 in the bank plus $618,000 gold at the mint. Total - $1,339,000
At the end of the June 2017 quarter CTL had $528,000 in the bank plus $744,000 gold at the mint. Total - 1,272,000
So for the June 2017 the cash plus gold on hand position went backwards by $67,000. No debt repaid.
Not an excellent result.
It isn't correct to count paying your creditors as 'free cash flow'. Paying creditors is what you have to do in the course of business to stay in business.
Guidance for gold production in the September 2017 quarter is "4000 to 4200 oz". A fall of approx 15 - 20% in production compared to the June quarter.
Who is doing the manipulating. Goldman Sachs? JP Morgan? You think they'd be bothering about a company too small to even be in the All Ords Index? Pfffft.

Expand

I agree with you re manipulation. Sp is a result of sentiment at present.
For the last two quarters they have over delivered on their estimate for production. They are conservative with their estimates. I believe they will over deliver this quarter as well particularly with Maildon coming on line.

CTL Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

ASX Market Open: Local bourse to trade green | Thursday September 12

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

CU6

Clarity progresses SECuRE trial with positive safety results

MTM

Forget gallium: MTM says it's extracted gold from e-waste

3 stocks with antimony news on Thursday

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day