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6.38% 5.0¢ greenwing resources ltd

Ann: Quarterly Cashflow Report, page-17

  1. Charterrierist
    6,017 Posts.
    lightbulb Created with Sketch. 686
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    31/10/17
    23:14
    Post #: 28373724
    You need to factor in that $1.5m is for Capex. This would cease once the phase 1 expansion is complete - which is within a couple weeks. So really, the cash burn is much lower. Also revenues will flow shortly!
    BSM Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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