MKR manuka resources ltd.
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Ann: Quarterly Report and Appendix 5B for June 2024, page-6

  1. PhillW
    3,165 Posts.
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    31/07/24
    11:25
    Post #: 75000450
    They spent the majority of those funds on plant upgrades etc. They have $1.95M cash left and $1M loan facility. They have net debt of just shy of A$30M. Managed to pay $3.7M debt off but then borrow $4.3M. The loan and funds available look as though that they will not cover the next debt repayment and they have advised that they intend to do a capex to raise funds. Interest rates on their debt is astronomical! By my calculations, their interest only bill is around A$5.7M/yr or $475K a month.

    https://hotcopper.com.au/data/attachments/6349/6349129-b7e93835bd855030f1a8b8f01723bc59.jpg

    https://hotcopper.com.au/data/attachments/6349/6349067-79ec20584580fe8918d87026737fce97.jpg

    https://hotcopper.com.au/data/attachments/6349/6349053-d9d65112efca61bc6fbc7513769ae501.jpg


    https://hotcopper.com.au/data/attachments/6349/6349013-c9b1a849ef48dff2d1b172af8f8225d9.jpg

    MKR Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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