Going to drop my thoughts on the cashflow report
**Forensic Analysis:**
1. **Cash Position:** - Cash and cash equivalents at the end of the current quarter: $3,510,000.
2. **OperatingActivities:** - Net cash used in operating activities: -$325,000. - Mainly influenced by payments for staff costs, administration, and corporatecosts.
3. **Investing Activities:** - Net cash used in investing activities: -$1,409,000. - Major outflows for exploration and evaluation, indicating substantial investment in the core business.
4. **Financing Activities:** - Net cash from financing activities: +$3,456,000. - Mainly proceeds from the issue of equity securities.
5. **PaymentstoRelatedParties:** - Payments to related parties: -$110,000. - Understanding related party transactions is crucial for transparency.
6. **Financing Facilities:** - No outstanding loans or credit standby arrangements. - Total financing facilities: Nil.
**Catalyst Concerns:**
1. **Negative Operating Cash Flow:** - The company is using more cash in its operating activities (-$325,000), raising concerns about its operational efficiency and sustainability.
2. **Heavy Investing Activities:** - Substantial cash outflows in exploration and evaluation (-$1,409,000) may indicate aggressive expansion plans or high capital expenditure, warranting attention to project viability.
3. **Reliance on Equity Financing:** - The significant positive net cash from financing activities is driven by proceeds from the issue of equity securities. The company's reliance on equity for funding could dilute shareholder value.
**Rundown:** - $NIS maintains a reasonable cash position. - Concerns arise from negative operating cash flow and heavy investment in exploration. - The reliance on equity financing suggests potential dilution for existing shareholders. - Investors should monitor the company's ability to generate positive operating cash flow and manage its exploration investments effectively.
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- Ann: Quarterly Cashflow Report - Dec 2023
Ann: Quarterly Cashflow Report - Dec 2023, page-2
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.270M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 125000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47000 | 0.021 |
1 | 24130 | 0.018 |
2 | 419346 | 0.017 |
4 | 319100 | 0.016 |
7 | 1691664 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 125000 | 2 |
0.022 | 166000 | 1 |
0.025 | 4341 | 1 |
0.028 | 34480 | 1 |
0.029 | 162355 | 1 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
NIS (ASX) Chart |
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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