Before creditor payments & stockpile finance IMO red flags
Dyor
Project Finance
The Company reported cash at bank and of approximately $29M before creditor payments at the end of the September 2021 quarter. The Company also held ASX listed investments valued at approximately $3.3M. Based internal budgets there is sufficient capital available to fund the development of the feasibility study for the development of the conversion plant.
Cashflows from the HPMSM production are expected to be sufficient to fund the incremental capital required for the expansion case.
Stockpile finance has been sourced which allows payment of production on delivery of manganese product to the port. This brings forward revenue and has reduced working capital requirements from those included in the May 2020 PFS. The details of the stockpile finance arrangement are commercial in confidence.
E25 Price at posting:
$1.43 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)