Ann: Tomingley FY2024 Production Update, page-10

So... we ended March with $41.1m in liquidity. We can minus the $6m of Calidus. Down to $35.1m.




We had zero debt, but now debt facility is drawn to $42.8m. With $17.2m still available to be drawn.

Revenue of approx. $55m including the hedges.



So basically they have $54.5m in cash/bullion, $43, in debt, ($17m still undrawn).
Liquidity at the start of the quarter was $100m (minus the $6m, $94m).
Liquidity now $71.5m. Net reduction of either $28.5m or $22.5m without the calidus loss.

Which seems about right in the growth/expansion costs are similar to the March Quarter and they generated perhaps $10m free cash flow.

If Roswell performs as hoped, then... we might even see a cash build in the near term, as a lot of the $132m to be spent won't occur until late in CY24.

It will be interesting to see what the market thinks.