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31.0¢ tawana resources nl

Ann: Quarterly Cashflow Report, page-16

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Rick19

835 Posts.

418

01/05/18

11:25

Post #: 32794915
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Originally posted by Subs ↑

Sounds hopeful that you will get 2 more shipments this quarter for 10,000T each when the first was only 3250T.

Even if you do your still going to be short for the $27mil estimated cash outflows required for next quarter or at the very best living pay cheque to pay cheque for the next 6 months or more.

Too risky for management imo, cant take that risk when there are so many potential issues that can arise. More Debt or another Capital Raise on the way by the looks of it.

Expand

I think your calculations are a little off mate.

Cash on hand at end of Q1 $ 7,500,000
Funds from April CR $ 20,000,000
Expected Shipment Reciepts Q2 $ 15,000,000

Total 42,500,000

Less Expected Q2 Outgoings <$27,000,000>

Cash at End of Q2 $15,500,000

Regards,

Rick

TAW Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

1 Great analysis

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