Annual report is due 27th March 2018. Should be a solid report....

Annual report is due 27th March 2018.  Should be a solid report. Based on production at RAMU and spot prices for Nickel and Cobalt.

I notice the COMSEC financials has not been updated since December 2016.

So thought prudent to update the financials as they have improved steadily and dramatically since then:

2015-2017 Cash distribution:  RAMU ONLY

Projected cash surplus:   $165,000,000

HIG (8.56%) $14,000,000

HIG (Corp+ loan repay)  $13,000,000

HIG (Free cash-flow)   $1,000,000

HIG (Cash position) $8,738,000   A$


2017-2018 Cash distribution: (Projected)

Projected cash surplus:   $170,000,000  to   $268,000,000

HIG (8.56%) $15,000,000   to   $23,000,000
  
HIG (Corp+ loan repay)  $12,000,000  to  $18,000,000

HIG (Free cash-flow)   $3,000,000   t0   $5,000,000

HIG (Cash position) $8,738,000   +


GLTAH