At first glance our June 30 cash balance looks dismal but taking a closer look we should be just fine.
Balance June 30 of $449k
Raised $2.4m July
Fuyang $1.5m (Copper sale waiting ODI approval) You could argue the project would be worth more in todays market with the current price of copper if it fell thru thou unlikely.
Rincon $4m US = $6.1m (DD imminent)
Ultra owes $1.1m
We owe Mena -$500k ($500k still available and extended until Jan 2025 unsecured at 5%) Cheap
Eqaudor -$300k
Assuming everything above works as it should over the coming months we will be in a very strong Cash Position of $10.18m
EV of $10k
Let that sink in.
Cheers TP
p.s I Failed Math's at school also English so if I have the numbers incorrect speak out.
At first glance our June 30 cash balance looks dismal but taking...
Add PNN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.01M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 18546 | 1 |
View Market Depth
| Last trade - 09.02am 02/08/2024 (20 minute delay) ? |
| PNN (ASX) Chart |
Day chart unavailable