Went back over their Qrtly & presentations. Cash position now $243M plus $67M Tax refund expected 2nd half 2023. ( I cannot find anything to say this has been received) Once this refund is received total cash should be approx $310M. Plus hedges reduce each quarter to finally nil 6/24 so cash will further increase.
They don't need to spend to the same extent & expect production to increase which should increase the cash position in excess of loan $300m
I think the sell off has been over-reacted. just my take on this. Happy to be corrected.
Went back over their Qrtly & presentations. Cash position now...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.14 |
Change
0.020(0.49%) |
Mkt cap ! $3.129B | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.18 | $4.05 | $9.126M | 2.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10408 | $4.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 3770 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |