First impresssions, looks like a good quarter
- cash profit of $US 7.1 for the quarter
- rough calcs, PGI now has cash and bonds of US$10.3m, which is almost exactly equivalent to outstanding debts.
- (I think) about 5 quarters of production to go before the Las Lagunas resource is exhausted.
Interesting that even though PGI have plenty of cash, they appear to have negotiated later repayment of the Banreservas debt. No reasons given. Does PGI need cash in the short term for one of the development opportunities mentioned in the quarterly?
Ann: Quarterly Report to 30 June 2018, page-2
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