Hmmm, no mention in the Dec'19 quarterly of the following...
- The status of their Stage 2 Expansion DFS?
- The actual tonnage of high-grade stockpiles at 30/12/19?
- The actual balance of the Maca Working Capital Facility?
Production, grades & AISC were reasonable in the Dec'19 quarter. Skinny liquidity ($5.7m cash + bullion) at the end of Dec'19, weather affected production in Jan'20, a leaner production outlook for the Mar'20 quarter (compared to Dec'19) & multi-millions to pay Maca by late Feb'20, they'll probably need funding soon. I wouldn't be surprised if the $40m finance terms involve high interest (lenders love high interest) & also more dilution for shareholders: might be a contributing market expectation why the SP has gone nowhere post Dec'19 quarterly.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
Hmmm, no mention in the Dec'19 quarterly of the following...The...
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online