In the company announcement of 2 May they stated that the cash balance at 30 April was $65m. They also stated that outflows in May/June relating to the Peak acquisition would be around A$28m.
The company has also paid off the $45m acquisition debt prior to 30th June and ended the period with $67m.
Therefore, on my calculations the company generated cash of $75m for the May/June period in order to be able to finance the above. 45+28+2.
Cash generation of that magnitude could have only come through very high gold production at the Peak. Therefore the June quarterly is likely to be very well received when it is released on Tuesday.
Anyone have any comment on my calculations. In other words is there any flaw.
Aurelia Investors - Further Upside, page-98
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