Unfortunately Mal the only one that really matters in the Quarterly is usually burried on the second last page. and its Question 8.7
8. Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) 345
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(1,511)
8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,166)
8.4 Cash and cash equivalents at quarter end (item 4.6) 2,876
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 2,876
8.7 Estimated quarters of funding available (item 8.6 divided by
item 8.3) 2.47
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
2.47 quarters of funding left. So unless we get substantial uplift in share price over the next 6 months we are going to be doing a CR at rock bottom prices.
That's how it goes at this end of the market though. Fingers crossed for some amazing new hits of shallow open-pittable gold stuff.
Have a good weekend all.
Add to My Watchlist
What is My Watchlist?
