RMS 0.91% $2.22 ramelius resources limited

black swan debt trap, page-3

  1. 217 Posts.
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    FACT CHECK:


    lPkbMPHJFnXlmX1S_nB4c0O1QHfPqwIcJTBEnfXbsxmE96wWg6HCmDWyRlJDzkFwF7lwvGVZF_ccfQb_tn61HTgZLQ5eTjUeaZU_Mjw5rsZniPLCK4KnFSw7eZ7wPrphmpnzi67l=s0



    Financial report and Appendix 4E for the year ended 30 June 2021


    Pg 12


    “The net assets of the group increased 23% to $635.8 million over the year (2020: $515.2 million) as a result of strong operational cash flows and development of the Tampia and Penny Gold Mines. Importantly, and further strengthening our balance sheet, has been the 90% increase in the working capital (current assets less current liabilities) over the year to $212.8 million (2020: $111.8 million) as shown in the chart below”


    Pg 36

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