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Ann: Quarterly Cashflow Report, page-54

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Xjquan

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30/07/19

13:56

Post #: 39760941
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Originally posted by WayTooLong: ↑

Interest is due next quarter...

Item 9.6 - $15,391,000 AUD

What’s not accounted for is the $22,400,000 Shanshan capital raise. It’s not in this quarterly or else it should be under item 3.1 for this quarter.

So

$9,875,000 AUD cash left

Q3 projected production

Projected production costs is $25,311,000 AUD.
So off current cash costs, projecting production of 25311000/560 = 45198 tonnes for the quarter.
So 15,066 tonnes a month of production. Fits ball park figure.

They sold and shipped 38,635 tonnes this quarter selling for $600 USD dmt. Equals $857 AUD dmt.

Projected income is 38636 x 857 = $33,110,195 AUD for Q3.

So cash avail end of Q3

9,875,000 (cash) + 33,110,195 (income) + 22,400,000 (shan2 capital raise)

=$65,385,195 AUD

-projected outflows of $52,491,000 AUD.

= $12,894,195 AUD cash remaining end of Q3.

We can’t afford anymore unexpected CAPEX surprises or to keep raising cash every quarter to pay interest.. granted. I agree, this thing is balanced on a knife edge.

Expand

“keep raising cash every quarter to pay interest”

Though you seem harsh on my previous comments, I m glad you agree with my assessment.

Last edited by Xjquan: 30/07/19

AJM Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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