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0.00% $1.10 new century resources limited

New Century maintains total working capital available of ~A$61M,...

  1. edshann
    2,317 Posts.
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    31/01/20
    08:46
    Post #: 42660852
    New Century maintains total working capital available of ~A$61M, comprising the debt facility
    expansion (A$40M), cattle business sale (A$9.8M) and quarter end cash (A$12M).
    The Company’s remaining FY20 expansion and sustaining capital is anticipated to be completed
    utilising existing available working capital.

    Yes they will draw on Debt, but no need for new equity if things go "according to plan".
    NCZ Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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